Breaking: JP Morgan Cazenove Reaffirms GBX 1200.00 Target On Provident Financial (LON:PFG) Shares, Reaffirms Their Original Neutral Rating

December 7, 2017 - By Adrian Erickson

Provident Financial (LON:PFG) Rating Reaffirmed

JP Morgan Cazenove now has a GBX 1200.00 TP on the 1.19 billion GBP market cap company or 48.70 % upside potential. In an analyst note revealed to clients and investors on Wednesday morning, Provident Financial (LON:PFG) shares have had their Neutral Rating reaffirmed by research professionals at JP Morgan Cazenove.

Provident Financial plc (LON:PFG.L) Ratings Coverage

Among 17 analysts covering Provident Financial PLC (LON:PFG), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Provident Financial PLC has GBX 3845 highest and GBX 483 lowest target. GBX 1780.69’s average target is 118.09% above currents GBX 816.5 stock price. Provident Financial PLC had 190 analyst reports since July 23, 2015 according to SRatingsIntel. Peel Hunt maintained the stock with “Hold” rating in Wednesday, June 21 report. The firm has “Hold” rating by Peel Hunt given on Monday, December 7. The stock of Provident Financial plc (LON:PFG.L) earned “Hold” rating by Numis Securities on Friday, May 12. On Wednesday, July 27 the stock rating was maintained by Beaufort Securities with “Hold”. Peel Hunt downgraded the shares of PFG in report on Friday, May 12 to “Hold” rating. The company was maintained on Wednesday, January 18 by Canaccord Genuity. The firm has “Hold” rating given on Wednesday, August 23 by Beaufort Securities. As per Tuesday, May 23, the company rating was maintained by Goldman Sachs. Shore Capital maintained the stock with “Buy” rating in Thursday, March 30 report. The rating was maintained by Shore Capital with “Under Review” on Tuesday, August 22.

The stock increased 1.18% or GBX 9.5 during the last trading session, reaching GBX 816.5. About 106,662 shares traded. Provident Financial plc (LON:PFG) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Provident Financial plc (LON:PFG.L) to report earnings on January, 29. They expect $1.36 EPS, up 7.09 % or $0.09 from last year’s $1.27 per share. PFG’s profit will be $1.98 million for 150.09 P/E if the $1.36 EPS becomes a reality. After $1.28 actual EPS reported by Provident Financial plc for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

Provident Financial plc provides personal credit products to non-standard lending market in the United Kingdom, the Republic of Ireland, and Poland. The company has market cap of 1.19 billion GBP. The firm offers credit cards, guarantor loans, home credit loans, online instalment loans, and car finance under the Vanquis Bank, glo, Provident, Satsuma Loans, and Moneybarn brand names. It has a 5.79 P/E ratio. It serves 2.4 million clients through its network of branches, call centers, and Websites.

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