Alpha Financial Markets Consulting (LON:AFM) Price target cut to GBX 450 by Royal Bank of Canada analysts

Alpha Financial Markets Consulting (LON:AFM – Get a rating) had its target price reduced by the Royal Bank of Canada from 485 GBX ($5.87) to 450 GBX ($5.45) in a research note published on Tuesday morning, reports Marketbeat Ratings. They currently have an outperform rating on the stock.

Separately, Berenberg Bank raised its price target on Alpha Financial Markets Consulting shares from GBX 470 ($5.69) to GBX 480 ($5.81) and assigned the company a Buy rating in a research report from Thursday, June 23.

AFM shares opened at GBX 408 ($4.94) on Tuesday. The company’s 50-day rolling average price is 383.14 GBX and its 200-day rolling average price is 390.65 GBX. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt ratio of 1.82. The stock has a market cap of £459.72 million and a price to earnings ratio of 5,828.57. Alpha Financial Markets Consulting has a 12-month low of 290 GBX ($3.51) and a 12-month high of 495.61 GBX ($6.00).

The company also recently announced a dividend, which will be paid on Tuesday, September 20. Shareholders of record on Thursday, September 8 will receive a dividend of 7.50 GBX ($0.09). The ex-dividend date is Thursday, September 8. This represents a return of 2.04%. This is a boost from Alpha Financial Markets Consulting’s previous dividend of $2.90. Alpha Financial Markets Consulting’s dividend payout ratio is currently 110.71%.

About Alpha Financial Markets Consulting (Get a rating)

Alpha Financial Markets Consulting plc provides advice and related services to the asset and wealth management and insurance industries in the UK, US, Europe and Asia. The company offers services in the areas of M&A integrations, benchmarking, investments, regulatory compliance and risk, operations and outsourcing, distribution, digital transformation, investment guidelines, fintech and innovation, ETFs and indexing, retirement and retail investments, ESG and responsibility. investment and insurance.

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