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Home / Support and Resistance / Provident Financial (PFG.L) 24-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Provident Financial (PFG.L) 24-04-20

Will Provident Financial (PFG.L) shares break through support at 153p, or push upwards again to 253p (+65%)?

  • Shares trading at 152.65p, near the 153p support (at time of writing).
  • Will the pattern repeat this time? This support has proven to be a key level in the recent past.
  • 253p was the recent high. (+65%)
  • Shares -71% from 12-month highs; +1% from 12 month lows.

Latest News

20 Apr:  JP Morgan Cazenove reiterates its neutral rating on Provident Financial (PFG) and reduced the target price to 200p (from 240p).

08 Apr:  RBC Capital Markets reiterates its sector performer rating on Provident Financial (PFG) and reduced the target price to 210p (from 420p).

01 Apr:  Berenberg reiterates its hold rating on Provident Financial (PFG) and reduced the target price to 250p (from 470p).

27 Mar:  JP Morgan Cazenove reiterates its neutral rating on Provident Financial (PFG) and reduced the target price to 240p (from 475p).

27 Mar:  Provident Financial, the sub-prime lender, cancelled its 2019 dividend. It said that it expected credit issued and collections would be adversely affected by the coronovirus crisis.

12 Mar:  RBC Capital Markets reiterates its sector performer rating on Provident Financial (PFG) and reduced the target price to 420p (from 445p).

05 Mar:  JP Morgan Cazenove reiterates its neutral rating on Provident Financial (PFG) and reduced the target price to 475p (from 510p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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