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

Alithya Group (TSE:ALYA) had its price objective reduced by investment analysts at Desjardins from C$1.75 to C$1.55 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 58.16% from the company’s current price.

ALYA has been the topic of a number of other reports. Scotiabank downgraded Alithya Group from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from C$2.00 to C$1.50 in a report on Friday, April 24th. Ventum decreased their price target on Alithya Group to C$2.00 and set a “buy” rating for the company in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alithya Group currently has an average rating of “Moderate Buy” and an average target price of C$2.01.

Alithya Group Price Performance

Shares of ALYA stock remained flat at C$0.98 during trading hours on Tuesday. The stock had a trading volume of 6,042 shares, compared to its average volume of 54,763. The stock has a market capitalization of C$94.83 million, a PE ratio of -2.45, a price-to-earnings-growth ratio of 2.38 and a beta of -0.68. Alithya Group has a 1 year low of C$0.94 and a 1 year high of C$2.61. The business has a 50 day simple moving average of C$1.12 and a 200-day simple moving average of C$1.36. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 88.81.

Alithya Group (TSE:ALYA) last announced its earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$113.78 million for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. As a group, equities research analysts predict that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

About Alithya Group

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.