IntegraFin (LON:IHP) Shares Down 12.7% – What’s Next?

IntegraFin Holdings plc (LON:IHP)’s share price dropped 12.7% on Thursday . The company traded as low as GBX 338 ($4.25) and last traded at GBX 340.50 ($4.28). Approximately 1,859,043 shares were traded during trading, an increase of 318% from the average daily volume of 444,495 shares. The stock had previously closed at GBX 390 ($4.90).

Analysts Set New Price Targets

Several research firms have weighed in on IHP. Shore Capital reaffirmed a “hold” rating on shares of IntegraFin in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price objective on IntegraFin from GBX 335 ($4.21) to GBX 400 ($5.03) and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 400 ($5.03) target price on shares of IntegraFin in a research note on Tuesday, October 15th.

IntegraFin Stock Performance

The company has a current ratio of 8.80, a quick ratio of 0.01 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of £1.12 billion, a P/E ratio of 2,109.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. The business’s 50 day simple moving average is GBX 379.07 and its two-hundred day simple moving average is GBX 369.13.

IntegraFin Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be paid a GBX 7.20 ($0.09) dividend. The ex-dividend date is Thursday, January 2nd. This is a positive change from IntegraFin’s previous dividend of $3.20. This represents a dividend yield of 1.85%. IntegraFin’s payout ratio is currently 6,250.00%.

IntegraFin Company Profile

IntegraFin Holdings plc, together with its subsidiaries, provides an investment platform for UK financial advisers and their clients. It operates through Investment administration services, Insurance and life assurance business, and Adviser back-office technology segments. The company operates Transact, a wrap platform that enable advisers to consolidate their clients investments using tax efficient wrappers and provide range of investment choice; and Time4Advice (T4A), an adviser practice management solution.