Shore Capital Reiterates Buy Rating for Alfa Financial Software (LON:ALFA)

Key Points

• Shore Capital has reiterated its "buy" rating for Alfa Financial Software (LON:ALFA) with a target price of GBX 270, suggesting a potential upside of 17.90% from the current stock price.
• Canaccord Genuity also initiated coverage on Alfa Financial Software, giving it a "buy" rating and a target price of GBX 282, with a consensus rating of "Buy" from two analysts.
• Alfa Financial Software's shares recently traded up by 5.3% and currently have a market capitalization of £679.18 million.

Alfa Financial Software (LON:ALFA - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Shore Capital in a research note issued on Thursday,London Stock Exchange reports. They currently have a GBX 270 target price on the stock. Shore Capital's target price would suggest a potential upside of 17.90% from the stock's current price.

Separately, Canaccord Genuity Group assumed coverage on shares of Alfa Financial Software in a research note on Thursday, August 21st. They issued a "buy" rating and a GBX 282 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alfa Financial Software currently has a consensus rating of "Buy" and an average target price of GBX 276.

Alfa Financial Software Trading Up 5.3%

Shares of ALFA opened at GBX 229 on Thursday. Alfa Financial Software has a twelve month low of GBX 192.60 and a twelve month high of GBX 250. The company has a market cap of £679.18 million, a P/E ratio of 2,675.23, a P/E/G ratio of 4.19 and a beta of 0.08. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 20.78. The company's fifty day simple moving average is GBX 222.53 and its 200-day simple moving average is GBX 226.18.

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.

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