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

Shares of IntegraFin Holdings plc (LON:IHP - Get Free Report) were up 13.3% 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 were traded 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).

A number of other equities analysts have also commented on the company. Shore Capital reiterated a "buy" rating and issued a GBX 390 ($5.23) price objective on shares of IntegraFin in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted 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.

Insider Transactions at IntegraFin

In other news, insider Euan Marshall purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average cost of GBX 317 ($4.26) per share, for a total transaction of £19,020 ($25,530.20). Insiders bought 15,144 shares of company stock worth $4,898,831 in the last 90 days. Insiders own 26.12% of the company's stock.

IntegraFin Stock Performance

The company has a market capitalization of £1.24 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. The firm has a 50 day moving average price of GBX 322.36 and a two-hundred day moving average price of GBX 325.50. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.01 and a current ratio of 1.01.

IntegraFin (LON:IHP - Get Free Report) last released its quarterly earnings data 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%. On average, research analysts expect that IntegraFin Holdings plc will post 16.9090056 earnings per share for the current fiscal 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.