Alfen (OTC:ALFNF) Raised to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Alfen (OTC:ALFNFGet Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning, The Fly reports.

Separately, Barclays increased their price objective on Alfen from €92.00 ($94.85) to €106.00 ($109.28) and gave the company an equal weight rating in a report on Tuesday, August 30th.

Alfen Stock Performance

Shares of Alfen stock opened at $90.50 on Monday. Alfen has a 52 week low of $90.50 and a 52 week high of $90.50. The firm’s 50 day moving average is $86.45 and its two-hundred day moving average is $86.32.

Alfen Company Profile

(Get Rating)

Alfen N.V., through its subsidiaries, designs, engineers, develops, produces, and sells products, systems, and services related to the electricity grid. The company offers smart grid solutions, including secondary transformer substations, devices for grid automation, and proprietary back-end systems for remote management and control of electricity grids, as well as micro-grids, grid connections, and supplementary offerings for the greenhouse horticulture sector, EV fast-charging hubs, and solar PV farms.

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