Provident Financial plc (PFG) Downgraded by Barclays PLC to Underweight

Barclays PLC downgraded shares of Provident Financial plc (LON:PFG) to an underweight rating in a report released on Wednesday. They currently have GBX 584 ($7.68) price target on the stock.

PFG has been the topic of several other reports. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 1,091 ($14.34) target price on shares of Provident Financial plc in a research report on Wednesday, August 30th. Shore Capital reaffirmed a buy rating on shares of Provident Financial plc in a research report on Monday, August 28th. Liberum Capital reaffirmed a sell rating on shares of Provident Financial plc in a research report on Monday, October 2nd. Peel Hunt reaffirmed an under review rating on shares of Provident Financial plc in a research report on Monday, August 28th. Finally, Beaufort Securities reaffirmed a hold rating and issued a GBX 2,200 ($28.92) target price on shares of Provident Financial plc in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 1,943.67 ($25.55).

Shares of Provident Financial plc (LON PFG) traded down 1.44% during trading on Wednesday, reaching GBX 789.00. 1,245,749 shares of the company’s stock traded hands. The company’s market capitalization is GBX 1.14 billion. Provident Financial plc has a 1-year low of GBX 426.60 and a 1-year high of GBX 3,284.00. The company has a 50 day moving average of GBX 818.46 and a 200-day moving average of GBX 2,213.03.

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The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 26th will be issued a dividend of GBX 43.20 ($0.57) per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, October 26th.

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.

Analyst Recommendations for Provident Financial plc (LON:PFG)

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