Canaccord Genuity Group Reiterates Buy Rating for Alfa Financial Software (LON:ALFA)

Alfa Financial Software (LON:ALFA)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 220 target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 34.47% from the stock’s current price.

Separately, Shore Capital Group raised shares of Alfa Financial Software to a “buy” rating and set a GBX 270 price target on the stock in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Alfa Financial Software presently has a consensus rating of “Buy” and a consensus price target of GBX 255.

Alfa Financial Software Trading Down 5.1%

LON ALFA traded down GBX 8.80 during trading on Thursday, reaching GBX 163.60. 519,021 shares of the stock traded hands, compared to its average volume of 1,875,498. The firm has a market cap of £486.32 million, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 4.19 and a beta of 0.23. The stock’s 50-day moving average price is GBX 157.76 and its 200 day moving average price is GBX 169.45. The company has a quick ratio of 1.37, a current ratio of 1.60 and a debt-to-equity ratio of 17.99. Alfa Financial Software has a fifty-two week low of GBX 140.40 and a fifty-two week high of GBX 252.

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.