Alfa Financial Software's (ALFA) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Alfa Financial Software and set a GBX 260 price target, implying 62.09% upside from the previous close.
• Analyst sentiment remains positive: Canaccord Genuity also maintained a “Buy” rating, while the four-analyst consensus is “Buy” with a GBX 256.25 target.
• Alfa shares rose 3.6% to open at GBX 160.40. The company reported quarterly EPS of GBX 4.55, a 21.42% net margin, and a 53.53% return on equity.

Alfa Financial Software (LON:ALFA - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 260 price objective on the stock. Berenberg Bank's price objective indicates a potential upside of 62.09% from the stock's previous close.

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 220 price target on shares of Alfa Financial Software in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Alfa Financial Software currently has a consensus rating of "Buy" and a consensus target price of GBX 256.25.

Alfa Financial Software Trading Up 3.6%

ALFA stock opened at GBX 160.40 on Thursday. The company has a market capitalization of £477.25 million, a PE ratio of 15.82, a price-to-earnings-growth ratio of 4.19 and a beta of 0.23. Alfa Financial Software has a one year low of GBX 140.40 and a one year high of GBX 246. The company's 50 day moving average price is GBX 162.92 and its two-hundred day moving average price is GBX 160.21. The company has a debt-to-equity ratio of 17.37, a quick ratio of 1.37 and a current ratio of 1.77.

Alfa Financial Software (LON:ALFA - Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported GBX 4.55 earnings per share (EPS) for the quarter. Alfa Financial Software had a net margin of 21.42% and a return on equity of 53.53%. As a group, analysts predict that Alfa Financial Software will post 8.7583445 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alfa Financial Software news, insider Chris Sullivan sold 35,405 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 166, for a total value of £58,772.30. 54.97% of the stock is owned by insiders.

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. Supporting all types of automotive, equipment and wholesale finance, Alfa Systems is proven at volume and across borders, and trusted by leading brands to manage complex portfolios, drive efficiency and sustainability, and enhance the customer experience. With full functionality for originations, servicing and collections, Alfa Systems is live in 37 countries, representing an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.

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