Provident Financial (LON:PFG) Shares Pass Above 200-Day Moving Average of $465.52

Share on StockTwits

Provident Financial plc (LON:PFG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $465.52 and traded as high as $445.00. Provident Financial shares last traded at $441.50, with a volume of 324,270 shares.

A number of brokerages recently issued reports on PFG. Numis Securities reissued a “buy” rating on shares of Provident Financial in a report on Wednesday, June 5th. Peel Hunt reissued a “buy” rating on shares of Provident Financial in a report on Monday, August 12th. Canaccord Genuity raised shares of Provident Financial to a “hold” rating in a report on Thursday, June 13th. Barclays reissued an “overweight” rating and set a GBX 570 ($7.45) price target on shares of Provident Financial in a report on Wednesday, June 19th. Finally, Shore Capital increased their price target on shares of Provident Financial from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Provident Financial has a consensus rating of “Hold” and an average target price of GBX 541.67 ($7.08).

The company’s 50 day moving average price is GBX 397.01 and its two-hundred day moving average price is GBX 465.52. The company has a debt-to-equity ratio of 320.88, a current ratio of 4.24 and a quick ratio of 4.24. The stock has a market capitalization of $1.12 billion and a PE ratio of 19.11.

The company also recently disclosed a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 15th will be given a dividend of GBX 9 ($0.12) per share. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, August 15th. Provident Financial’s payout ratio is currently 0.82%.

In other news, insider Paul Hewitt acquired 13,148 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of GBX 380 ($4.97) per share, for a total transaction of £49,962.40 ($65,284.72). Also, insider Graham Lindsay acquired 9,771 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average price of GBX 407 ($5.32) per share, with a total value of £39,767.97 ($51,963.90). Over the last 90 days, insiders have purchased 51,488 shares of company stock valued at $21,200,845.

About Provident Financial (LON:PFG)

Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites.

Featured Story: Is a Roth IRA right for you?

Receive News & Ratings for Provident Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial and related companies with MarketBeat.com's FREE daily email newsletter.