Provident Financial plc (PFG) Rating Increased to Buy at Numis Securities Ltd
Provident Financial plc (LON:PFG) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research note issued on Wednesday.
A number of other research firms have also recently issued reports on PFG. J P Morgan Chase & Co cut their price objective on shares of Provident Financial plc from GBX 3,650 ($47.38) to GBX 3,200 ($41.54) and set an “overweight” rating on the stock in a research report on Wednesday, June 28th. Peel Hunt reissued an “under review” rating on shares of Provident Financial plc in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) cut their price objective on shares of Provident Financial plc from GBX 3,140 ($40.76) to GBX 2,660 ($34.53) and set a “neutral” rating on the stock in a research report on Thursday, June 22nd. Berenberg Bank initiated coverage on shares of Provident Financial plc in a research report on Friday, July 14th. They set a “hold” rating and a GBX 2,310 ($29.99) price objective on the stock. Finally, Shore Capital reissued an “under review” rating on shares of Provident Financial plc in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Provident Financial plc currently has an average rating of “Hold” and a consensus target price of GBX 2,564.75 ($33.30).
Provident Financial plc (LON:PFG) opened at 916.00 on Wednesday. Provident Financial plc has a 12 month low of GBX 426.60 and a 12 month high of GBX 3,402.27. The firm has a 50-day moving average price of GBX 1,974.51 and a 200 day moving average price of GBX 2,702.40. The firm’s market capitalization is GBX 1.33 billion.
About Provident Financial plc
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.
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