Alithya Group (TSE:ALYA) Price Target Lowered to C$1.55 at Desjardins

Alithya Group (TSE:ALYA) had its price target lowered by Desjardins from C$1.75 to C$1.55 in a report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also weighed in on ALYA. Ventum dropped their price objective on Alithya Group to C$2.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$2.00 to C$1.50 in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$2.01.

Alithya Group Stock Up 1.0%

ALYA stock opened at C$0.99 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 88.81. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.61. The company’s 50 day moving average is C$1.11 and its two-hundred day moving average is C$1.35. The stock has a market cap of C$95.80 million, a P/E ratio of -2.47, a PEG ratio of 2.38 and a beta of -0.68.

Alithya Group (TSE:ALYA) last issued its quarterly earnings data on Thursday, June 11th. The company reported C$0.08 earnings per share for the quarter. The business had revenue of C$113.78 million during the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. Research analysts expect that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

Alithya Group Company Profile

Alithya Group Inc is a leader in Strategy and digital transformation, with professionals in Canada, the us, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. Clients entrust the company with their strategic projects across Banking, Investment and Insurance, Energy, Manufacturing, Retail and Distribution, Telecommunications, Transportation, Professional Services, Healthcare, and Government sectors. Geographically, it derives a majority of revenue from Canada.