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On Thursday, Jefferies analyst Julian Roberts adjusted the price target for Integrafin Holdings Plc (IHP:LN), a UK-based financial services company, to £3.30 from the previous £3.55. Despite this change, the firm’s stock rating remains at Hold. The revision follows Integrafin’s second-quarter financial performance, which showed robust flows but faced challenges from market conditions.
Roberts noted that Integrafin experienced a strong 7% annualized net inflow during the quarter, which was counterbalanced by nearly identical market headwinds. Typically, Jefferies anticipates a 4% annual market tailwind, which they predict will not materialize in the current quarter. This expectation is based on the MSCI World Index’s downturn of approximately 4.5% to date in the quarter.
The analyst also mentioned that the lower UK inflation might have a positive effect on future flows. Despite this potential benefit, the forecast for Integrafin’s FY25 earnings per share (EPS) has been revised downwards by roughly 5.6%. As a result of these factors, the price target for Integrafin shares has been lowered to £3.30.
Roberts’s commentary reflects a cautious outlook on Integrafin, with market challenges recognized as a significant factor influencing the company’s performance. The hold rating suggests that Jefferies advises investors to maintain their current position in the stock without additional buying or selling at this time.
Integrafin’s stock price will continue to be monitored by investors as they assess the impact of market movements and inflation on the company’s financial health and future prospects. The updated price target of £3.30 by Jefferies serves as the latest valuation benchmark for the company’s shares on the London Stock Exchange (LON:LSEG).
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