Alfa Financial Software (LON:ALFA) Trading Up 1.8% – Here’s What Happened

Alfa Financial Software Holdings PLC (LON:ALFA)’s stock price was up 1.8% during mid-day trading on Thursday . The company traded as high as GBX 195.80 and last traded at GBX 195.20. Approximately 703,873 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,251,524 shares. The stock had previously closed at GBX 191.80.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 275 price target on shares of Alfa Financial Software in a research report on Thursday, November 13th. Shore Capital Group restated a “buy” rating and set a GBX 270 target price on shares of Alfa Financial Software in a research note on Thursday, January 29th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 282 target price on shares of Alfa Financial Software in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Alfa Financial Software presently has an average rating of “Buy” and an average price target of GBX 275.67.

Alfa Financial Software Price Performance

The stock has a 50-day moving average price of GBX 201.90 and a 200 day moving average price of GBX 218.06. The company has a debt-to-equity ratio of 18.59, a current ratio of 1.60 and a quick ratio of 1.37. The firm has a market cap of £578.00 million, a price-to-earnings ratio of 19.70, a PEG ratio of 4.19 and a beta of 0.08.

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.