IntegraFin Holdings Share News (IHP)

(Sharecast News) - RBC Capital Markets initiated coverage of IntegraFin on Thursday with a 'sector perform' rating and a 610p price target.
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'.