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Alfa Financial Software (LON:ALFA) Coverage Initiated by Analysts at Canaccord Genuity Group

Alfa Financial Software logo with Computer and Technology background

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.
  • Looking to export and analyze Alfa Financial Software data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Canaccord Genuity Group began coverage on shares of Alfa Financial Software (LON:ALFA - Free Report) in a research report report published on Thursday morning, Marketbeat reports. The firm issued a buy rating and a GBX 282 target price on the stock.

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

View Our Latest Research Report on ALFA

Alfa Financial Software Stock Performance

ALFA traded up GBX 1.50 on Thursday, hitting GBX 224.50. The company had a trading volume of 124,072 shares, compared to its average volume of 498,567. The company's fifty day moving average price is GBX 223.26 and its 200 day moving average price is GBX 226.86. Alfa Financial Software has a 1-year low of GBX 188.07 and a 1-year high of GBX 250. The company has a debt-to-equity ratio of 20.78, a current ratio of 1.43 and a quick ratio of 1.37. The stock has a market cap of £672.33 million, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08.

About Alfa Financial Software

(Get Free Report)

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.

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