International Personal Finance (LON:IPF) Trading 20% Higher - Here's Why

Key Points

• International Personal Finance plc's stock surged by 20% during mid-day trading, reaching a trading price of GBX 215 ($2.87).
• Shore Capital has reaffirmed a "buy" rating on International Personal Finance shares, indicating positive analyst sentiment.
• The company reported earnings of GBX 14.20 ($0.19) per share for the last quarter and anticipates 22.1 earnings per share for the current fiscal year.

International Personal Finance plc (LON:IPF - Get Free Report)'s stock price shot up 20% during mid-day trading on Wednesday . The company traded as high as GBX 215 ($2.84) and last traded at GBX 215 ($2.84). 3,820,783 shares traded hands during mid-day trading, an increase of 662% from the average session volume of 501,498 shares. The stock had previously closed at GBX 179.20 ($2.37).

Wall Street Analysts Forecast Growth

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

International Personal Finance Stock Performance

The company 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. The company has a debt-to-equity ratio of 117.92, a quick ratio of 3.69 and a current ratio of 3.58. The stock's fifty day simple moving average is GBX 169.36 and its 200-day simple moving average is GBX 148.41.

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) 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, equities analysts predict that International Personal Finance plc will post 22.0982143 earnings per share for the current 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.