Ventum Cuts Alithya Group (TSE:ALYA) Price Target to C$2.00

Alithya Group (TSE:ALYA – Get Free Report) had its target price decreased by equities research analysts at Ventum to C$2.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum’s price target points to a potential upside of 104.08% from the company’s previous close.

Separately, Scotiabank lowered Alithya Group from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$2.00 to C$1.50 in a research note on Friday, April 24th. Two 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.17.

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Alithya Group Price Performance

Shares of ALYA stock remained flat at C$0.98 on Monday. The stock had a trading volume of 70,828 shares, compared to its average volume of 60,012. The company has a market capitalization of C$94.83 million, a PE ratio of -2.45, a PEG ratio of 2.38 and a beta of -0.79. Alithya Group has a 12 month low of C$0.94 and a 12 month high of C$2.62. The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 10.02. The firm’s 50 day moving average price is C$1.32 and its 200 day moving average price is C$1.49.

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

Alithya Group Company Profile

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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.

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