In a report released today, Matthew Lee from Canaccord Genuity maintained a Buy rating on Propel Holdings Inc, with a price target of C$39.00.
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Matthew Lee has given his Buy rating due to a combination of factors that highlight Propel Holdings Inc’s potential for growth and stability. Propel is seen as a strong capital compounder, especially when it maintains a conservative approach to credit in uncertain economic conditions. This strategy is expected to stabilize the firm’s return on equity, even if loan growth slows temporarily.
Additionally, Propel’s shares have significantly decreased in value, presenting an attractive opportunity for investors given the company’s robust earnings growth potential and reasonable leverage. The anticipated expansion of their LaaS partnerships and the promising prospects in the UK market further support the Buy rating. These elements together suggest that Propel is well-positioned for future growth, making it a compelling investment at its current valuation.
According to TipRanks, Lee is a 5-star analyst with an average return of 15.6% and a 65.67% success rate. Lee covers the Financial sector, focusing on stocks such as Toronto Dominion Bank, Bank Of Montreal, and Bank Of Nova Scotia.