IntegraFin (LON:IHP) Trading 13.3% Higher - What's Next?

Shares of IntegraFin Holdings plc (LON:IHP - Get Free Report) shot up 13.3% during trading on Tuesday . The stock traded as high as GBX 397.69 ($5.34) and last traded at GBX 367.50 ($4.93). 2,295,236 shares changed hands during mid-day trading, an increase of 164% from the average session volume of 870,441 shares. The stock had previously closed at GBX 324.50 ($4.36).

Analysts Set New Price Targets

Several brokerages have commented on IHP. Shore Capital reiterated a "buy" rating and issued a GBX 390 ($5.24) price target on shares of IntegraFin in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of IntegraFin from GBX 360 ($4.83) to GBX 425 ($5.71) and gave the stock a "buy" rating in a report on Tuesday. Finally, Berenberg Bank boosted their target price on shares of IntegraFin from GBX 380 ($5.10) to GBX 440 ($5.91) and gave the stock a "buy" rating in a report on Tuesday.

IntegraFin Stock Performance

The business's fifty day moving average price is GBX 321.24 and its two-hundred day moving average price is GBX 325.45. 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 stock has a market capitalization of £1.24 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.14 and a beta of 1.15.

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

Insider Buying and Selling

In other news, insider Euan Marshall purchased 6,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average cost of GBX 317 ($4.26) per share, for a total transaction of £19,020 ($25,540.49). In the last 90 days, insiders have bought 15,144 shares of company stock worth $4,898,831. Corporate insiders own 26.12% of the company's stock.

IntegraFin Company Profile

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.