Alfa Financial Software (ALFA) Price Target Cut to GBX 170

Alfa Financial Software (LON:ALFA) had its price target reduced by equities research analysts at Barclays from GBX 190 ($2.48) to GBX 170 ($2.22) in a report released on Thursday. The brokerage currently has an “equal weight” rating on the stock. Barclays’ price target would suggest a potential upside of 29.57% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank decreased their target price 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 research report on Thursday, September 6th. Canaccord Genuity reissued a “speculative buy” rating and set a GBX 160 ($2.09) target price on shares of Alfa Financial Software in a research report on Thursday, November 22nd. Finally, Numis Securities reissued a “buy” rating and set a GBX 200 ($2.61) target price on shares of Alfa Financial Software in a research report on Tuesday, September 4th.

LON:ALFA opened at GBX 131.20 ($1.71) on Thursday. Alfa Financial Software has a one year low of GBX 325 ($4.25) and a one year high of GBX 548 ($7.16).

Alfa Financial Software Company Profile

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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