Can analysts adopt a bullish outlook for Provident Financial plc (LON:PFG)?

November 21, 2017 - By Ellis Scott

 Can analysts adopt a bullish outlook for Provident Financial plc (LON:PFG)?
Investors sentiment decreased to 1.06 in 2017 Q2. Its down 0.03, from 1.09 in 2017Q1. It worsened, as 30 investors sold Provident Financial plc shares while 173 reduced holdings. 72 funds opened positions while 144 raised stakes. 193.64 million shares or 2.51% less from 198.64 million shares in 2017Q1 were reported.
Twin Cap Mngmt Incorporated reported 0.27% of its portfolio in Provident Financial plc (LON:PFG). Mu Invs Communications holds 0.03% in Provident Financial plc (LON:PFG) or 750 shares. 7,909 were reported by Capital Inv Limited Liability Corporation. Credit Agricole S A, France-based fund reported 499,760 shares. Oregon Employees Retirement Fund holds 0.08% or 77,599 shares in its portfolio. Qci Asset accumulated 105 shares. Nordea Inv Mngmt holds 0.11% in Provident Financial plc (LON:PFG) or 668,624 shares. Koch Indus holds 0.06% of its portfolio in Provident Financial plc (LON:PFG) for 212,974 shares. 645 were accumulated by Peak6 L P. Putnam Lc holds 5,359 shares. 1,517 were accumulated by Huntington Retail Bank. Dubuque Fincl Bank And Trust Comm has 0% invested in Provident Financial plc (LON:PFG) for 47 shares. Utah Retirement System holds 48,778 shares. Blue Chip Ptnrs Inc reported 74,402 shares or 1.66% of all its holdings. Highvista Strategies Ltd Co accumulated 0.07% or 5,100 shares.

Since June 2, 2017, it had 0 insider purchases, and 4 sales for $8.64 million activity. Another trade for 8,700 shares valued at $552,624 was sold by Everett Nora Mary. SCHOLTEN GARY P also sold $1.43 million worth of Provident Financial plc (LON:PFG) shares. 38,105 shares were sold by SHAFF KAREN E, worth $2.48 million.

Provident Financial plc (LON:PFG) Ratings Coverage

Among 17 analysts covering Provident Financial PLC (LON:PFG), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. Provident Financial PLC had 181 analyst reports since July 23, 2015 according to SRatingsIntel. As per Tuesday, August 22, the company rating was maintained by Numis Securities. The company was upgraded on Tuesday, July 5 by Societe Generale. The firm earned “Sell” rating on Friday, October 16 by Liberum Capital. The stock has “Hold” rating by Peel Hunt on Friday, May 12. The stock has “Add” rating by Peel Hunt on Monday, March 27. On Wednesday, February 24 the stock rating was maintained by JP Morgan with “Overweight”. On Tuesday, May 10 the stock rating was maintained by Numis Securities with “Sell”. The stock of Provident Financial plc (LON:PFG) has “Neutral” rating given on Thursday, July 23 by Goldman Sachs. Panmure Gordon maintained the stock with “Hold” rating in Friday, October 16 report. Liberum Capital maintained the shares of PFG in report on Wednesday, June 21 with “Sell” rating. Below is a list of Provident Financial plc (LON:PFG) latest ratings and price target changes.

20/11/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 483.00 New Target: GBX 483.00 Maintain
18/10/2017 Broker: Jefferies Rating: Hold Old Target: GBX 940.00 New Target: GBX 915.00 Maintain
16/10/2017 Broker: Societe Generale Rating: Buy Old Target: GBX 1300.00 New Target: GBX 1300.00 Maintain
16/10/2017 Broker: Numis Securities Rating: Buy New Target: GBX 1150.00 Maintain
16/10/2017 Broker: JP Morgan Rating: Neutral Old Target: GBX 1200.00 New Target: GBX 1200.00 Maintain
13/10/2017 Broker: Shore Capital Rating: Buy Old Target: GBX 1000.00 New Target: GBX 1000.00 Maintain
13/10/2017 Broker: Numis Securities Rating: Buy Old Target: GBX 1097.00 New Target: GBX 1097.00 Maintain
13/10/2017 Broker: Peel Hunt Rating: Hold Old Target: GBX 870.00 New Target: GBX 870.00 Maintain
12/10/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 487.00 New Target: GBX 483.00 Maintain
11/10/2017 Broker: Barclays Capital Rating: Underweight Old Target: GBX 600.00 New Target: GBX 584.00 Downgrade

About 743,256 shares traded. Provident Financial plc (LON:PFG) has 0.00% since November 21, 2016 and is . It has underperformed by 16.70% the S&P500.

Provident Financial plc is a United Kingdom non-standard lender. The company has market cap of 1.35 billion GBP. The Company’s divisions include Vanquis Bank Limited , Consumer Credit Division (CCD) and Moneybarn. It has a 6.48 P/E ratio. The Company’s divisions include Vanquis Bank, CCD, Moneybarn and Central.

More notable recent Provident Financial plc (LON:PFG) news were published by: Ft.com which released: “Provident Financial looks to revive doorstep lending business” on October 13, 2017, also Seekingalpha.com with their article: “In The Doghouse – How Provident Financial Showed The Risks Of High-Yield Stocks” published on August 30, 2017, Ft.com published: “Provident Financial shakes up management at doorstep lending arm” on August 25, 2017. More interesting news about Provident Financial plc (LON:PFG) were released by: Fortune.com and their article: “Provident Financial Stock Is Sinking Faster Than Ever After Its CEO Quit …” published on August 22, 2017 as well as Ft.com‘s news article titled: “Provident Financial recovers from botched restructuring” with publication date: June 22, 2017.

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