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

Key Points

• International Personal Finance plc saw a significant stock surge of 20%, reaching GBX 215 ($2.85), with trading volume up by 662% compared to its average.
• Analysts from Shore Capital have reaffirmed a "buy" rating for the company, indicating positive growth expectations.
• The company reported earnings of GBX 14.20 ($0.19) per share for the last quarter, with a projected annual earnings per share of 22.10.

International Personal Finance plc (LON:IPF - Get Free Report)'s share price traded up 20% during mid-day trading on Wednesday . The company traded as high as GBX 215 ($2.85) and last traded at GBX 215 ($2.85). 3,820,783 shares changed 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 ($2.38).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating on shares of International Personal Finance in a research note on Wednesday, July 30th.

International Personal Finance Price 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 market capitalization of £461.44 million, a price-to-earnings ratio of 10.28, a PEG ratio of 0.32 and a beta of 1.33. The business's fifty day simple moving average is GBX 170.54 and its 200 day simple moving average is GBX 149.28.

International Personal Finance (LON:IPF - Get Free Report) last announced its quarterly earnings results 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%. On average, research analysts forecast 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.