International Personal Finance Plc’s (IPF) Buy Rating Reiterated at Citigroup Inc

Citigroup Inc restated their buy rating on shares of International Personal Finance Plc (LON:IPF) in a research report released on Wednesday. Citigroup Inc currently has a GBX 300 ($3.67) price objective on the stock.

Several other equities research analysts have also recently commented on IPF. Shore Capital reiterated a hold rating on shares of International Personal Finance Plc in a research report on Tuesday, March 14th. Peel Hunt reiterated an under review rating on shares of International Personal Finance Plc in a research report on Wednesday, March 1st. Liberum Capital reiterated an under review rating on shares of International Personal Finance Plc in a research report on Wednesday, March 1st. Numis Securities Ltd reiterated a buy rating and set a GBX 238 ($2.91) price target on shares of International Personal Finance Plc in a research report on Thursday, March 2nd. Finally, JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 250 ($3.06) price target on shares of International Personal Finance Plc in a research report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 255.67 ($3.13).

International Personal Finance Plc (LON:IPF) opened at 173.25 on Wednesday. International Personal Finance Plc has a 1-year low of GBX 141.43 and a 1-year high of GBX 344.60. The company’s market cap is GBX 384.09 million. The company’s 50-day moving average is GBX 177.13 and its 200 day moving average is GBX 227.86.

The company also recently disclosed a dividend, which will be paid on Friday, May 12th. Investors of record on Thursday, April 13th will be paid a dividend of GBX 7.80 ($0.10) per share. This is a positive change from International Personal Finance Plc’s previous dividend of $4.60. The ex-dividend date is Thursday, April 13th. This represents a yield of 4.81%.

About International Personal Finance Plc

International Personal Finance plc is a United Kingdom-based holding company. The Company provides credit responsibly to people borrowing small sums and repay in manageable amounts. The Company’s segments include home credit and digital. The Company’s home credit loans are repaid weekly over 60 weeks.

https://www.thecerbatgem.com/2017/03/20/international-personal-finance-plcs-ipf-buy-rating-reiterated-at-citigroup-inc.html

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Provident a acordat anul trecut cu 27% mai multe credite, în România

Grupul britanic International Personal Finance (IPF), din care face parte și Provident Financial România, a acordat anul trecut împrumuturi în valoare de peste 301 milioane de lire sterline,în România, Ungaria și Bulgaria, creșterea față de 2015 fiind cu 17%, a comunicat astăzi instituția de credit.

Cea mai pronunțată creștere a creditării a fost obținută de grup în România, respectiv 27%.

Cele trei subsidiare aveau, la finalul anului 2015, un portofoliu cumulat de 629.000 de clienți activi,mai mult de jumătate dintre aceștia fiind în România, unde creșterea numărului de clienţi a fost de 4,4%, comparativ cu 2015, se menționează în comunicat.

În același timp, veniturile generate de operațiunile grupului în cele trei țări au crescut, în 2016, cu 2,2%, la 177,4 milioane de lire sterline, în timp ce profitul brut consolidat a fost de 36,9 milioane de lire sterline.

Rezultatele din 2016 dovedesc încă o dată succesul modelului nostru de business şi al strategiei noastre de a crește responsabil. Am continuat să ne diversificăm oferta de creditare cu mai multe sume și perioade, inclusiv prin lansarea Provident Star, astfel încât să răspundem și mai bine nevoilor clienţilor noştri şi ai potenţialilor clienţi. În 2017, vom continua să ne adaptăm oferta de produse la noile condiții și la cerințele pieței și să pregătim produse și servicii noi sau conexe, cum ar fi împrumuturi online sau asigurări”, a declarat Viktor Boczán, directorul general al Provident Financial România.

La nivelul grupului, IPF a înregistrat în 2016 o creștere a creditelor acordate cu 8%, în comparaţie cu rezultatul înregistrat în 2015.Cea mai spectaculoasă evoluţie a fost înregistrată de IPF Digital (divizia de împrumuturi online cumpărată de grup în 2013), cu o creștere de 41% a creditelor acordate și de 45% a numărului de clienţi.

Grupul IPF are 2,5 milioane de clienţi în 11 ţări din Europa, precum şi în Mexic și Australia. IPF este unul dintre cei mai mari angajatori britanici din Europa Centrală și de Sud-Est și una dintre cele mai puternice 250 de companii internaţionale listate la Bursa din Londra.

http://www.bankingnews.ro/provident-a-acordat-anul-trecut-cu-27-mai-multe-credite-in-romania.html

International Personal Finance faces FTSE 250 demotion as it reports decline in full year profit

The consumer credit company’s full year pre-tax profits were dragged lower by tougher regulation in Poland and restructuring costs in its Mexico business

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International Personal Finance reports drop in full year earnings

International Personal Finance PLC (LON:IPF) shares have plummeted more than 11% today after the company reported a decline in full year profits amid expectations it will be booted off the FTSE 250.

The British consumer credit company posted profit before tax of £92.6mln in 2016, compared to £116.1mln the prior year, blaming lower home credit profit and an increase in investment of its digital offering.

Profits were also hit by tougher legislation in Poland and an increase in impairments resulting from a restructuring of its Mexico business.

The group lost 2% of its customers, reflecting competitive pressures in Poland and the Czech Republic.

On the upside, the emerging markets lender was supported by a weaker pound against foreign currencies, which contributed £15.6mln to pre-tax profit.

The company also issued 8.1% more credit, helping to lift total revenue 1.2% to £755.9mln from £698.9mln.

A final dividend of 7.8p was recommended, bringing the full year dividend to 12.4p, flat on the previous year.

IPF is expected to be demoted from the FTSE 250 to the FTSE Small Cap Index in the London Stock Exchange’s (LSE) quarterly review, which will be announced after the markets close today. The FTSE reshuffle will be based on Tuesday’s closing prices.

http://www.proactiveinvestors.co.uk/companies/news/173999/international-personal-finance-faces-ftse-250-demotion-as-it-reports-decline-in-full-year-profit-173999.html