Alfa Financial Software (LON:ALFA) Now Covered by Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has initiated coverage of Alfa Financial Software with a "buy" rating and set a price target of GBX 282, indicating a potential upside of 30.71% from current stock prices.
• Shore Capital also reiterated a "buy" rating, with a target price of GBX 270, contributing to a consensus rating of "buy" with an average target of GBX 276.
• As of Thursday, Alfa Financial Software shares were trading at GBX 215.75, reflecting a slight decrease of 0.8% from previous trading sessions.

Canaccord Genuity Group initiated coverage on shares of Alfa Financial Software (LON:ALFA - Free Report) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a GBX 282 price target on the stock.

Separately, Shore Capital restated a "buy" rating and issued a GBX 270 price target on shares of Alfa Financial Software in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 276.

Alfa Financial Software Stock Performance

Alfa Financial Software stock traded down GBX 4.50 during midday trading on Thursday, hitting GBX 220. The stock had a trading volume of 332,533 shares, compared to its average volume of 497,555. The firm's fifty day moving average is GBX 223.09 and its two-hundred day moving average is GBX 226.84. The company has a market capitalization of £658.86 million, a PE ratio of 29.74, a P/E/G ratio of 4.19 and a beta of 0.08. Alfa Financial Software has a 52-week low of GBX 189 and a 52-week high of GBX 250. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 20.78.

Alfa Financial Software Company Profile

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully. Alfa Systems, our class-leading SaaS platform, is at the heart of the world's largest and most progressive asset finance operations.