Peel Hunt Reiterates Buy Rating for Provident Financial (LON:PFG)

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Peel Hunt reiterated their buy rating on shares of Provident Financial (LON:PFG) in a research report sent to investors on Wednesday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 550 ($7.23) target price on the stock.

Other equities research analysts have also issued research reports about the company. Peel Hunt reissued a buy rating and issued a GBX 550 ($7.23) price objective on shares of Provident Financial in a report on Wednesday. Barclays reissued an overweight rating on shares of Provident Financial in a report on Wednesday, November 27th. Berenberg Bank decreased their price objective on Provident Financial from GBX 540 ($7.10) to GBX 470 ($6.18) and set a hold rating for the company in a report on Monday, November 11th. Shore Capital reissued a hold rating on shares of Provident Financial in a report on Wednesday. Finally, Royal Bank of Canada started coverage on Provident Financial in a report on Friday, December 6th. They issued a sector performer rating and a GBX 445 ($5.85) price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 496.14 ($6.53).

Shares of PFG opened at GBX 463.30 ($6.09) on Wednesday. The business has a 50-day moving average of GBX 441.81 and a 200 day moving average of GBX 419.47. Provident Financial has a fifty-two week low of GBX 348.70 ($4.59) and a fifty-two week high of GBX 665.20 ($8.75). The firm has a market cap of $1.17 billion and a P/E ratio of 20.06. The company has a debt-to-equity ratio of 320.88, a quick ratio of 4.24 and a current ratio of 4.24.

About Provident Financial

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.

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Analyst Recommendations for Provident Financial (LON:PFG)

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