Alfa Financial Software (ALFA) Price Target Lowered to GBX 170 at Barclays
Alfa Financial Software (LON:ALFA) had its price objective lowered by Barclays from GBX 190 ($2.48) to GBX 170 ($2.22) in a research report report published on Thursday morning. Barclays currently has an equal weight rating on the stock.
Several other research analysts have also weighed in on the stock. Canaccord Genuity reissued a speculative buy rating and set a GBX 160 ($2.09) price objective on shares of Alfa Financial Software in a report on Thursday, November 22nd. Berenberg Bank decreased their price objective on shares of Alfa Financial Software from GBX 170 ($2.22) to GBX 115 ($1.50) and set a sell rating for the company in a report on Thursday, September 6th. Finally, Numis Securities reissued a buy rating and set a GBX 200 ($2.61) price objective on shares of Alfa Financial Software in a report on Tuesday, September 4th.
LON ALFA traded down GBX 6.20 ($0.08) during midday trading on Thursday, hitting GBX 119.20 ($1.56). 118,730 shares of the company traded hands, compared to its average volume of 335,970. Alfa Financial Software has a 52 week low of GBX 325 ($4.25) and a 52 week high of GBX 548 ($7.16).
Alfa Financial Software Holdings PLC, through its subsidiaries, provides software solutions and consultancy services to the asset finance industry in the United Kingdom, the United States of America, rest of Europe, and the Asia Pacific. Its solutions include point of sale, such as Web-based quotation, multiple channels, and templates and business rules; originations, including credit and document management, and workflow and business rules; contract management comprising leases and loans, reporting and business intelligence, customer, asset and contract management, and bad debt management; and wholesale consisting of dealer portal, audit, and entire unit lifecycle.
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