Alpha Financial Markets Consulting (LON:AFM) Rating Lowered to Sector perform at Royal Bank of Canada

Alpha Financial Markets Consulting (LON:AFM) was downgraded by equities researchers at Royal Bank of Canada to a “sector perform” rating in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 465 ($5.84) target price on the stock, up from their previous target price of GBX 420 ($5.28). Royal Bank of Canada’s price objective would suggest a potential upside of 7.14% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.28) target price on shares of Alpha Financial Markets Consulting in a research note on Thursday, April 11th.

Alpha Financial Markets Consulting Stock Down 6.7 %

Shares of AFM traded down GBX 31 ($0.39) during mid-day trading on Thursday, hitting GBX 434 ($5.45). 483,072 shares of the company’s stock were exchanged, compared to its average volume of 355,343. The company has a debt-to-equity ratio of 9.83, a quick ratio of 1.21 and a current ratio of 1.15. The company has a market cap of £496.41 million, a price-to-earnings ratio of 3,622.91 and a beta of 1.02. The stock’s 50-day moving average is GBX 341.82 and its 200-day moving average is GBX 357.81. Alpha Financial Markets Consulting has a fifty-two week low of GBX 295 ($3.71) and a fifty-two week high of GBX 506 ($6.36).

About Alpha Financial Markets Consulting

Alpha Financial Markets Consulting plc provides consulting and related services to the asset and wealth management, and insurance industries in the United Kingdom, North America, Europe, and Asia Pacific. The company offers services in the areas of benchmarking, operations and outsourcing, mergers and acquisitions integrations, investments, regulatory compliance and risk, distribution, digital transformation, investment guidelines, fintech and innovation, ETF and indexing, pension and retail investments, ESG and responsible investments, and insurance.