Firan Technology Group (TSE:FTG) Given New C$30.00 Price Target at Raymond James Financial

Firan Technology Group (TSE:FTG – Get Free Report) had its price objective raised by research analysts at Raymond James Financial from C$24.00 to C$30.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 27.93% from the stock’s previous close.

Separately, ATB Cormark Capital Markets set a C$30.00 price objective on Firan Technology Group and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$30.00.

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Firan Technology Group Trading Down 3.4%

Shares of FTG traded down C$0.82 during trading hours on Friday, hitting C$23.45. The company had a trading volume of 37,754 shares, compared to its average volume of 98,309. Firan Technology Group has a 52-week low of C$9.78 and a 52-week high of C$26.63. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The stock’s 50 day moving average price is C$22.10 and its 200 day moving average price is C$18.73. The firm has a market cap of C$590.31 million, a P/E ratio of 44.25 and a beta of 2.16.

Firan Technology Group (TSE:FTG – Get Free Report) last issued its earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The company had revenue of C$52.73 million during the quarter. On average, research analysts predict that Firan Technology Group will post 0.4199717 EPS for the current year.

Firan Technology Group Company Profile

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FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.

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