Raymond James Financial Forecasts Strong Price Appreciation for Firan Technology Group (TSE:FTG) Stock

Firan Technology Group (TSE:FTG) had its target price increased by Raymond James Financial from C$17.50 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “peer perform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 5.71% from the company’s current price.

Firan Technology Group Price Performance

Firan Technology Group stock opened at C$18.92 on Friday. Firan Technology Group has a 1 year low of C$6.66 and a 1 year high of C$18.92. The firm has a 50 day moving average price of C$13.77 and a 200 day moving average price of C$12.22. The company has a market cap of C$476.27 million, a price-to-earnings ratio of 33.79 and a beta of 1.26. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54.

About Firan Technology Group

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the global marketplace. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, subassemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.