Alfa Financial Software’s (ALFA) Buy Rating Reiterated at Canaccord Genuity Group

Alfa Financial Software (LON:ALFA)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 220 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 34.47% from the company’s previous close.

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

Alfa Financial Software Trading Down 5.1%

ALFA stock traded down GBX 8.80 during midday trading on Thursday, reaching GBX 163.60. The stock had a trading volume of 519,021 shares, compared to its average volume of 1,875,498. The business has a fifty day simple moving average of GBX 157.76 and a two-hundred day simple moving average of 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. The firm has a market cap of £486.32 million, a price-to-earnings ratio of 16.13, a PEG ratio of 4.19 and a beta of 0.23. Alfa Financial Software has a twelve month low of GBX 140.40 and a twelve month high of GBX 252.

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. 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.