TSX:PRL - Post Discussion
Post by
retiredcf on Aug 11, 2024 9:37am
Stockchase Insights
TOP PICK
Propel Holdings(PRL-T)
06/08/2024
Stockchase Research Editor: Michael O'Reilly
We again reiterate this direct lender to individuals, as a TOP PICK. It trades at 20x earnings and supports a 33% ROE. The company is prudently using some cash reserves to retire debt. Recently reported earnings showed a 77% increase in net income and a record level loans that had grown by 39%. We continue to recommend a tight stop at $20, looking to achieve $32 -- upside potential over 26%. Yield 2.2%
(Analysts’ price target is $31.88)
Financial Services
$24.940
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