Alfa Financial Software (LON:ALFA) Stock Price Up 0.7% – Time to Buy?

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price rose 0.7% during trading on Thursday . The stock traded as high as GBX 225.50 and last traded at GBX 223. Approximately 389,191 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 534,972 shares. The stock had previously closed at GBX 221.50.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALFA. Shore Capital restated a “buy” rating and set a GBX 270 price target on shares of Alfa Financial Software in a report on Thursday, November 13th. Peel Hunt reiterated an “add” rating and set a GBX 275 target price on shares of Alfa Financial Software in a research report on Thursday, November 13th. Finally, Canaccord Genuity Group assumed coverage on shares of Alfa Financial Software in a report on Thursday, August 21st. They set a “buy” rating and a GBX 282 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Alfa Financial Software has a consensus rating of “Buy” and a consensus target price of GBX 275.67.

Alfa Financial Software Trading Up 0.7%

The stock has a market cap of £660.24 million, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08. The company has a debt-to-equity ratio of 20.78, a quick ratio of 1.37 and a current ratio of 1.43. The firm’s fifty day simple moving average is GBX 225.94 and its 200-day simple moving average is GBX 228.45.

Alfa Financial Software (LON:ALFA) last posted its quarterly earnings data on Thursday, September 4th. The company reported GBX 5.38 earnings per share for the quarter. Alfa Financial Software had a net margin of 21.79% and a return on equity of 51.52%. Equities research analysts expect that Alfa Financial Software Holdings PLC will post 8.7583445 EPS for the current fiscal year.

About Alfa Financial Software

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.