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

IntegraFin Holdings plc (LON:IHP - Get Free Report) shares were up 13.3% during mid-day 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 traded 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 a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on IntegraFin from GBX 360 ($4.83) to GBX 425 ($5.70) and gave the stock a "buy" rating in a research note on Tuesday. Shore Capital reissued a "buy" rating and issued a GBX 390 ($5.23) target price on shares of IntegraFin in a research note on Tuesday.

Insiders Place Their Bets

In related news, insider Euan Marshall purchased 6,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average cost of GBX 317 ($4.26) per share, for a total transaction of £19,020 ($25,530.20). Insiders purchased 15,144 shares of company stock valued at $4,898,831 in the last ninety days. 26.12% of the stock is owned by company insiders.

IntegraFin Stock Performance

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

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

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.