Provident Financial plc (PFG) Rating Reiterated by Numis Securities Ltd

Provident Financial PLC

Provident Financial PLC (PFG.LN) confirmed Friday that it will not pay a full-year dividend for 2017, as it continues to implement a recovery plan for its home-collected credit business. The stock was purchased at an average price of GBX 3,163 ($40.63) per share, for a total transaction of £158.15 ($203.15). Over the last 30 and 90 trading days the company share price has decreased 37.5 points and decreased 1528.5 points respectively. Shore Capital reaffirmed a buy rating on shares of Provident Financial plc in a research report on Monday, August 28th. Barclays PLC lowered shares of Provident Financial plc to an "underweight" rating and set a GBX 584 ($7.68) price objective on the stock.in a report on Wednesday. Royal Bank Of Canada downgraded Provident Financial plc to a "sector performer" rating and reduced their target price for the stock from GBX 3,400 ($44.70) to GBX 2,650 ($34.84) in a research report on Monday, June 26th. Provident Financial plc now has a consensus rating of "Buy" and a consensus price target of GBX 3,131.82 ($40.23). Numis Securities Ltd reiterated a "not rated" rating and set a GBX 2,770 ($35.58) target price on shares of Provident Financial plc in a research report on Tuesday, April 4th. The stock now has an average rating of "Hold" and a consensus target price of GBX 2,283.92 ($30.03). Market capitalisation for LON:PFG is £1,186,569,711 GBP. Provident Financial PLC has recorded a 50-day average of 813.42GBX and a two hundred day average of 2,233.15GBX. The 1 year high for the share price is 3295.45 GBX while the 52 week low is 426.6 GBX.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of US & worldwide copyright & trademark legislation. The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/10/13/provident-financial-plc-pfg-given-hold-rating-at-peel-hunt.html.

Crisis-hit lender Provident has revealed its plans to stabilise the business and improve its financial performance, though the group still stands to make a significant loss.

The company said on Friday that it will now move from having two United Kingdom divisions to four at its home credit business, increasing the number of regional managers, and employing at least 300 part-time staff who used to work as self-employed agents.

Related News:

  • Arrested Indian fishermen by Sri Lankan Navy sent for police remand

    Arrested Indian fishermen by Sri Lankan Navy sent for police remand

    Sri Lanka Navy on Wednesday has handed over 6 more Indian fishing trawlers back to India, having made repairs to them. Detention of Indian fishermen by Lankan authorities is frequent, as they often cross the worldwide maritime boundary.
    Family

    Family "Heartbroken" After Woman Found Dead In Belfast

    The PSNI said tonight that it had been asked to issue the following statement from the Conlon family. In a statement , relatives of the Belfast woman say she was "a very independent person".

    Analysts See $1.62 EPS for Norfolk Southern Corp. (NSC)

    ValuEngine raised Norfolk Souther Corporation from a "hold" rating to a "buy" rating in a research note on Friday, September 1st. The stock of Oaktree Capital Group LLC (NYSE:OAK) has "Buy" rating given on Monday, May 29 by Keefe Bruyette & Woods.
  • PDP is still suffering from the shock of defeat - Abdulsalami

    PDP is still suffering from the shock of defeat - Abdulsalami

    Senator Ahmed Makarfi, has said the party is the only alternative to the "misrule of the ruling All Progressives Congress (APC)". Babangida made this known when Dokpesi paid a courtesy visit to his residence in Minna.
    Under-fire Arena addresses US  future: 'I'll do whatever is right'

    Under-fire Arena addresses US future: 'I'll do whatever is right'

    While fans fulminated over the front office, the next national team coach must instigate a ruthless roster purge. Open Cup titles and the team has made the playoffs every season since 2011. "This has been coming for a while".
    SC issues guidelines for designation of senior lawyers

    SC issues guidelines for designation of senior lawyers

    The Full Court may also recall the senior designation of a lawyer if it feels he is guilty of conduct that disentitles him to the same.
  • Stock Rating Update on the Shares of Delcath Systems Inc (DCTH)

    To measure price-variation, we found DCTH's volatility during a week at 8.08% and during a month it has been found around 17.4%. PetMed Express, Inc. (PETS) pays a dividend of 0.80, which translates to dividend yield of 2.24% based on the current price.
    54 killed, 39 missing in Vietnam floods and landslides

    54 killed, 39 missing in Vietnam floods and landslides

    The storm could bring more rains and misery to the central and northern regions already soaked with rain and floodwaters. The 40 missing people are from Son La, Yen Bai, Hoa Binh, Thanh Hoa and central Quang Tri province.
    Robben announces retirement from Dutch national team

    Robben announces retirement from Dutch national team

    Fizzled out The Dutch, however, lacked the necessary creativity as Sweden shut up shop in the second half and the match fizzled out.
  • Athersys, Inc. (ATHX) Under Analyst Spotlight

    They expect this year's earnings to rise 38.89% year-over-year to -$0.25, followed by 68% growth in the next year to -$0.42. These analysts have also projected a Low Estimate of $-0.06/share and a High Estimate of $-0.06/share.
    Slave Labor: Louisiana Sheriff Laments Release Of 'Good' Prisoners

    Slave Labor: Louisiana Sheriff Laments Release Of 'Good' Prisoners

    The controversy comes as a state with a notoriously large incarcerated population begins to implement a series of prison reforms. He said these particular prisoners were capable of labor work that more violent and risky prisoners were less competent at.
    Nadal and Federer cruise in Shanghai

    Nadal and Federer cruise in Shanghai

    The 36-year-old broke the world number 41 in the first game before saving a break point in the tenth to seal the opening set 6-4. Nadal has preserved two balls break during his game of knockout, in the fourth game of the second set.


Most liked

Supreme Court to deliver verdict on women entering Kerala's Sabarimala temple today
In February, the apex court had reserved its order on referring the case to a constitution bench, Deccan Chronicle reported. This customary ban had been codified in Kerala Hindu Places of Public Worship (Authorisation of Entry) Rules, 1965.

Is there Inherent Value in Lockheed Martin Corp (LMT)
After $-0.02 actual EPS reported by John Wood Group PLC for the previous quarter, Wall Street now forecasts -200.00% EPS growth. Additionally Lockheed Martin Corporation recently declared a dividend that will be paid on Friday the 29th of December 2017.

Moody's Corporation (MCO) to Release Earnings on Thursday
Virginia Retirement Sys Et Al invested in 117,400 shares. (NYSE:MCO) by 2.1% during the first quarter, Holdings Channel reports. Massachusetts Fincl Ma reported 0.34% in Moody's Corporation (NYSE:MCO). 360,335 were reported by Dimensional Fund Advisors Lp.

Venus Williams dumped out of Hong Kong Open — WTA Tour
The loss in straight sets was puzzling. "She played well", a disappointed Williams, 37, told reporters. The Prudential Hong Kong Open proved to be that breakout tournament.

SpaceX Successfully Launches EchoStar 105/SES-11
This launch is the first of eight launches scheduled that will place 75 satellites in orbit for the company. The satellite offers comprehensive coverage over North America, including Hawaii, Mexico and the Caribbean.

Two people, including a policeman killed during clashes with GJM supporters
Darjeeling: Darjeeling is once again on the boil with clashes between Gorkha Janmukti Morcha supporters and police. The GJM had called the shutdown, which was lasted for over 100 days, demanding a separate state of Gorkhaland.

Jason Aldean Resumes Tour, Performs First Concert Since Las Vegas Shooting
A few previously scheduled concerts were canceled out of respect for the victims and for the crew to process what had happened. And while there are police on scene, the fans are just excited to be here for an emotional evening.

Gold climbs to 2-week high ahead of U.S. inflation data
The bullish wholesale data comes ahead of US retail inflation data - measured by the consumer price index - slated for Friday. Hurdles in USA tax and healthcare reforms had also recently pressured the currency.

Asteroid that just buzzed Earth may not miss on return visit
An asteroid the size of a small house passed extremely close to the Earth early Thursday, according to the USA space agency. As its name suggests, the asteroid was first spotted in 2012 by a telescope in Hawaii.

Which Insider sold 50000 Shares Of Vishay Intertechnology, Inc. (VSH)?
The firm earned "Outperform" rating on Friday, February 19 by Credit Suisse. (NASDAQ:NUVA) on Tuesday, June 6 with "Buy" rating. Other large investors also recently bought and sold shares of the company. 39 funds opened positions while 76 raised stakes.

Pakistan violates ceasefire in J&K's Poonch, third provocation in 24 hours
Following the heavy shelling by the Pakistani side, the schools in Digwar sector have been asked to remain shut. The spokesperson said Reddy was a courageous and sincere soldier and Zahir was an honest and dedicated worker.

Price Target Analysis Discovery Communications, Inc. (DISCA)
Currently, 0 million total shares are owned by the public and among those 1.53 billion shares have been available to trade. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.04).

Mukul Roy quits RS, Trinamool
Roy, who has been cozying up to BJP leaders for some time now, admitted that he was in constant touch with them. Roy also held a meeting with finance minister Arun Jaitley last week.

Nawaz Sharif to skip court proceedings in Panama Papers case today
She stayed at the home of her son-in-law, which is located on The Mall, rather than going to her Jati Umra residence. Kulsoom, who is suffering from throat cancer, has undergone three surgeries in the United Kingdom so far.

Suspect Killed After Opening Fire on Alabama Police Officers
The Alabama Law Enforcement Agency will conduct the investigation, which also is standard procedure. Investigators have learned that the two vehicles in the parking lot were owned by the suspects.