Provident Financial plc (PFG) Price Target Raised to GBX 3,650 at JPMorgan Chase & Co.

Provident Financial plc (LON:PFG) had its price objective hoisted by JPMorgan Chase & Co. from GBX 3,400 ($42.79) to GBX 3,650 ($45.94) in a report released on Wednesday. The firm currently has an overweight rating on the stock.

A number of other research firms also recently commented on PFG. Peel Hunt reissued an add rating and set a GBX 3,365 ($42.35) target price on shares of Provident Financial plc in a research report on Wednesday, April 5th. Numis Securities Ltd reaffirmed a not rated rating and issued a GBX 2,770 ($34.86) price objective on shares of Provident Financial plc in a research report on Tuesday, April 4th. Shore Capital reaffirmed a buy rating on shares of Provident Financial plc in a research report on Thursday, March 30th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 3,732 ($46.97) price objective on shares of Provident Financial plc in a research report on Friday, March 31st. Finally, Royal Bank of Canada raised shares of Provident Financial plc to an outperform rating and lifted their price objective for the stock from GBX 3,000 ($37.76) to GBX 3,200 ($40.28) in a research report on Friday, March 24th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Provident Financial plc presently has an average rating of Buy and an average price target of GBX 3,077.55 ($38.74).

Provident Financial plc (LON:PFG) traded down 0.29% during mid-day trading on Wednesday, reaching GBX 3122.00. The company had a trading volume of 245,000 shares. Provident Financial plc has a 12-month low of GBX 2,125.00 and a 12-month high of GBX 3,402.27. The firm’s market capitalization is GBX 4.53 billion. The firm has a 50-day moving average price of GBX 3,007.44 and a 200 day moving average price of GBX 2,906.28.

TRADEMARK VIOLATION NOTICE: This story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/04/20/jpmorgan-chase-co-increases-provident-financial-plc-pfg-price-target-to-gbx-3650-updated.html.

The company also recently announced a dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, May 18th will be paid a GBX 91.40 ($1.15) dividend. This is a boost from Provident Financial plc’s previous dividend of $43.20. This represents a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 18th.

In related news, insider Ken Mullen sold 7,522 shares of the business’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of GBX 3,106 ($39.09), for a total value of £233,633.32 ($294,063.34).

Provident Financial plc Company Profile

Provident Financial plc is a United Kingdom-based non-standard lender. The Company’s divisions include Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD) and Moneybarn. Its segments include Vanquis Bank, CCD, Moneybarn and Central. The Company serves non-standard credit customers with a range of products from credit cards and car finance, to home credit and online unsecured, and guarantor loans.

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

Latest News

Leave a Reply