The Shore Capital Reiterates “Buy” Rating for Provident Financial plc (PFG)

The Shore Capital Reiterates “Buy” Rating for Provident Financial plc (PFG)

Provident Financial plc (LON:PFG)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research note issued on Friday.

Several other brokerages have also commented on PFG. Liberum Capital reissued a “hold” rating on shares of Provident Financial plc in a report on Tuesday, September 6th. Societe Generale raised Provident Financial plc to a “buy” rating and cut their price objective for the stock from GBX 3,170 ($38.63) to GBX 3,095 ($37.72) in a report on Tuesday, July 5th. Peel Hunt raised Provident Financial plc to a “buy” rating and set a GBX 3,130 ($38.15) price objective for the company in a report on Tuesday, July 26th. Canaccord Genuity reissued a “buy” rating and set a GBX 3,170 ($38.63) price objective on shares of Provident Financial plc in a report on Monday, August 8th. Finally, Royal Bank Of Canada cut their price objective on Provident Financial plc from GBX 3,250 ($39.61) to GBX 3,000 ($36.56) and set a “sector performer” rating for the company in a report on Tuesday, September 6th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 3,066 ($37.37).

Provident Financial plc (LON:PFG) opened at 3020.00 on Friday. The company’s market cap is GBX 4.36 billion. Provident Financial plc has a 12-month low of GBX 2,125.00 and a 12-month high of GBX 3,654.00. The firm’s 50-day moving average is GBX 3,032.71 and its 200 day moving average is GBX 2,841.54.

The business also recently disclosed a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, October 27th will be given a GBX 43.20 ($0.53) dividend. The ex-dividend date is Thursday, October 27th. This represents a yield of 1.57%.

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