Peel Hunt Lowers Provident Financial (PFG) Price Target to GBX 730
Provident Financial (LON:PFG) had its price target dropped by Peel Hunt from GBX 870 ($12.13) to GBX 730 ($10.18) in a research note issued on Thursday. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s price target suggests a potential upside of 8.96% from the company’s current price.
Other analysts also recently issued reports about the stock. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,264 ($17.63) price objective on shares of Provident Financial in a report on Thursday, February 1st. Shore Capital reaffirmed a “hold” rating on shares of Provident Financial in a report on Friday, February 2nd. Societe Generale downgraded shares of Provident Financial to a “hold” rating and set a GBX 1,050 ($14.64) price objective on the stock. in a report on Wednesday, February 28th. JPMorgan Chase reaffirmed a “neutral” rating and issued a GBX 1,200 ($16.74) price objective on shares of Provident Financial in a report on Wednesday, January 17th. Finally, Citigroup reaffirmed a “neutral” rating and issued a GBX 740 ($10.32) price objective on shares of Provident Financial in a report on Thursday, April 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,230.43 ($17.16).
PFG stock opened at GBX 670 ($9.34) on Thursday. Provident Financial has a 12 month low of GBX 426.60 ($5.95) and a 12 month high of GBX 3,284 ($45.80).
Provident Financial Company Profile
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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