IntegraFin (LON:IHP) Trading Up 13.3% After Analyst Upgrade

IntegraFin Holdings plc (LON:IHP - Get Free Report)'s stock price was up 13.3% during trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 380 to GBX 440. Berenberg Bank currently has a buy rating on the stock. IntegraFin traded as high as GBX 397.69 ($5.34) and last traded at GBX 367.50 ($4.93). Approximately 2,295,236 shares changed hands during trading, an increase of 164% from the average daily volume of 870,441 shares. The stock had previously closed at GBX 324.50 ($4.36).

IHP has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of IntegraFin from GBX 360 ($4.83) to GBX 425 ($5.70) and gave the company a "buy" rating in a research report on Tuesday. Shore Capital reaffirmed a "buy" rating and set a GBX 390 ($5.23) price target on shares of IntegraFin in a research report on Tuesday.

Insider Activity at IntegraFin

In other news, insider Euan Marshall purchased 4,000 shares of IntegraFin stock in a transaction dated Thursday, July 17th. The shares were purchased at an average price of GBX 368 ($4.94) per share, with a total value of £14,720 ($19,758.39). Over the last 90 days, insiders have purchased 15,144 shares of company stock worth $4,898,831. 26.12% of the stock is currently owned by insiders.

IntegraFin Trading Up 1.2%

The stock has a market cap of £1.24 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.01 and a current ratio of 1.01. The company's 50-day moving average price is GBX 322.36 and its 200 day moving average price is GBX 325.63.

IntegraFin (LON:IHP - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported GBX 8.90 ($0.12) earnings per share (EPS) for the quarter. IntegraFin had a return on equity of 26.21% and a net margin of 37.90%. On average, sell-side analysts forecast that IntegraFin Holdings plc will post 16.9090056 EPS for the current fiscal year.

About IntegraFin

IntegraFin Holdings plc (IntegraFin) is the holding company for all of the entities involved in the provision of the Transact service. Transact is one of the largest independent wrap platforms in the UK. It offers advisory professionals a comprehensive financial planning infrastructure for investing client assets in a tax-efficient way.