Barclays Reiterates “Overweight” Rating for Alfa Financial Software (LON:ALFA)

Alfa Financial Software (LON:ALFAGet Rating)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 215 ($2.60) target price on the stock. Barclays‘s price target suggests a potential upside of 27.98% from the company’s previous close.

Alfa Financial Software Price Performance

ALFA stock opened at GBX 168 ($2.03) on Wednesday. The stock has a 50-day moving average price of GBX 163.07 and a two-hundred day moving average price of GBX 165.27. The stock has a market cap of £501.15 million and a PE ratio of 2,400.00. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 38.66. Alfa Financial Software has a 1 year low of GBX 132.50 ($1.60) and a 1 year high of GBX 221 ($2.67).

Insider Activity

In related news, insider Chris Sullivan acquired 66,332 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was bought at an average price of GBX 150 ($1.81) per share, for a total transaction of ¬£99,498 ($120,224.75).

About Alfa Financial Software

(Get Rating)

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, rest of Europe, and internationally. The company operates through Services, Software, and Subscription segments.

Further Reading

Receive News & Ratings for Alfa Financial Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alfa Financial Software and related companies with MarketBeat.com's FREE daily email newsletter.