RBC Capital Markets starts IntegraFin at ‘sector perform’
IntegraFin Holding
353.00p
12:40 24/12/24
1.58%
5.50p
RBC Capital Markets initiated coverage of IntegraFin on Thursday with a ‘sector perform’ rating and a 610p price target.
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The bank said Transact owner IntegraFin is a high quality business.
"Already at highly profitable scale, it is taking share in a structural growth market as its differentiated service-led proposition on delivers strong rates of retention," it said.
"We expect good earnings growth and see potential for compounding returns over time."
However, RBC said that following a strong performance since the IPO, the current valuation is fair, hence the initiation at ‘sector perform’.