International Personal Finance (LON:IPF) Shares Up 20% - What's Next?

Key Points

• International Personal Finance plc shares surged 20% in trading, reaching a last traded price of GBX 215 ($2.87), with trading volume significantly increasing by 601% compared to average levels.
• Wall Street analysts, including Shore Capital, have reiterated a "buy" rating for the company, indicating positive growth expectations moving forward.
• International Personal Finance reported a net margin of 6.45% and a return on equity of 9.98% in its most recent earnings, with forecasts suggesting earnings per share could reach approximately 22.10 for the current fiscal year.

International Personal Finance plc (LON:IPF - Get Free Report)'s stock price traded up 20% on Wednesday . The stock traded as high as GBX 215 ($2.85) and last traded at GBX 215 ($2.85). 3,497,543 shares traded hands during mid-day trading, an increase of 601% from the average session volume of 499,284 shares. The stock had previously closed at GBX 179.20 ($2.38).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of International Personal Finance in a report on Wednesday.

International Personal Finance Stock Performance

The business's fifty day moving average is GBX 170.54 and its two-hundred day moving average is GBX 149.13. The company has a quick ratio of 3.69, a current ratio of 3.58 and a debt-to-equity ratio of 117.92. The stock has a market capitalization of £460.73 million, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.32 and a beta of 1.33.

International Personal Finance (LON:IPF - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported GBX 14.20 ($0.19) earnings per share for the quarter. International Personal Finance had a net margin of 6.45% and a return on equity of 9.98%. As a group, research analysts anticipate that International Personal Finance plc will post 22.0982143 EPS for the current fiscal year.

International Personal Finance Company Profile

International Personal Finance plc is helping to build a better world through financial inclusion by providing affordable credit products and insurance services to underserved consumers across nine markets. Our 1.7 million customers, who have low to medium incomes and a limited credit history, turn to us to fulfil their plans when it really matters.