International Personal Finance (LON:IPF) Trading Up 18.7% - Here's What Happened

Key Points

• International Personal Finance's stock price surged by 18.7% on Wednesday, closing at GBX 212.66, amid a significantly higher trading volume.
• Shore Capital maintained a "buy" rating for the company's shares following the sharp price increase.
• The company reported an earnings per share of GBX 14.20 and is projected to post 22.1 EPS for the current fiscal year.

International Personal Finance plc (LON:IPF - Get Free Report)'s stock price shot up 18.7% on Wednesday . The company traded as high as GBX 214.50 ($2.83) and last traded at GBX 212.66 ($2.81). 3,594,815 shares were traded during mid-day trading, an increase of 619% from the average session volume of 499,951 shares. The stock had previously closed at GBX 179.20 ($2.37).

Wall Street Analysts Forecast Growth

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

International Personal Finance Stock Up 0.2%

The company's 50-day moving average is GBX 169.36 and its 200 day moving average is GBX 148.41. The company has a market capitalization of £460.73 million, a PE ratio of 10.27, a P/E/G ratio of 0.32 and a beta of 1.33. The company has a debt-to-equity ratio of 117.92, a quick ratio of 3.69 and a current ratio of 3.58.

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

About International Personal Finance

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.