International Personal Finance (LON:IPF) Shares Up 20% - Time to Buy?

Key Points

• International Personal Finance plc's stock surged 20% during mid-day trading, reaching GBX 215 ($2.85), driven by a significant increase in trading volume of 662% compared to its average session.
• Shore Capital has reissued a "buy" rating on the company, indicating positive sentiment among analysts regarding its future performance.
• The company reported earnings of GBX 14.20 ($0.19) per share, with a projected EPS of approximately 22.1 for the current year, reflecting solid financial performance metrics.

International Personal Finance plc (LON:IPF - Get Free Report)'s share price was up 20% during trading on Wednesday . The company traded as high as GBX 215 ($2.85) and last traded at GBX 215 ($2.85). Approximately 3,820,783 shares were traded during mid-day trading, an increase of 662% from the average daily volume of 501,498 shares. The stock had previously closed at GBX 179.20 ($2.38).

Wall Street Analyst Weigh In

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

International Personal Finance Stock Performance

The company has a debt-to-equity ratio of 117.92, a current ratio of 3.58 and a quick ratio of 3.69. The firm has a fifty day simple moving average of GBX 170.54 and a 200 day simple moving average of GBX 149.13. The company has a market capitalization of £460.73 million, a price-to-earnings 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 issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX 14.20 ($0.19) earnings per share (EPS) for the quarter. International Personal Finance had a return on equity of 9.98% and a net margin of 6.45%. On average, analysts anticipate that International Personal Finance plc will post 22.0982143 earnings per share for the current fiscal 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.