Provident Financial (LON:PFG) had its target price reduced by analysts at Berenberg Bank from GBX 610 ($7.97) to GBX 590 ($7.71) in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 13.72% from the stock’s previous close.
A number of other research firms also recently issued reports on PFG. Shore Capital restated a “hold” rating on shares of Provident Financial in a research report on Monday, October 15th. Peel Hunt restated a “hold” rating on shares of Provident Financial in a research report on Friday, October 19th. Barclays cut their target price on shares of Provident Financial from GBX 770 ($10.06) to GBX 753 ($9.84) and set an “overweight” rating on the stock in a research report on Monday, October 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Provident Financial from GBX 725 ($9.47) to GBX 650 ($8.49) and set a “neutral” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Provident Financial presently has an average rating of “Hold” and an average target price of GBX 758.60 ($9.91).
Provident Financial stock opened at GBX 518.80 ($6.78) on Thursday. Provident Financial has a 1 year low of GBX 426.60 ($5.57) and a 1 year high of GBX 3,284 ($42.91).
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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