Berenberg Bank Increases Alpha Financial Markets Consulting (LON:AFM) Price Target to GBX 530

Alpha Financial Markets Consulting (LON:AFMGet Rating) had its price target upped by Berenberg Bank from GBX 480 ($5.68) to GBX 530 ($6.27) in a report published on Wednesday, LSE.Co.UK reports. The brokerage currently has a buy rating on the stock.

Alpha Financial Markets Consulting Price Performance

Alpha Financial Markets Consulting stock opened at GBX 471.56 ($5.58) on Wednesday. Alpha Financial Markets Consulting has a 52-week low of GBX 290 ($3.43) and a 52-week high of GBX 495.61 ($5.86). The company has a market cap of £537.41 million and a price-to-earnings ratio of 6,714.29. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 1.82. The firm’s fifty day moving average is GBX 398.11 and its 200 day moving average is GBX 401.79.

Alpha Financial Markets Consulting Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Thursday, December 8th will be issued a GBX 3.70 ($0.04) dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, December 8th. Alpha Financial Markets Consulting’s dividend payout ratio is currently 110.71%.

Alpha Financial Markets Consulting Company Profile

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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.

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