Alithya Group (TSE:ALYA – Get Free Report) had its target price reduced by stock analysts at Desjardins from C$1.75 to C$1.55 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 58.16% from the stock’s previous close.
Several other brokerages also recently commented on ALYA. Scotiabank downgraded Alithya Group from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$2.00 to C$1.50 in a research note on Friday, April 24th. Ventum dropped their price objective on shares of Alithya Group to C$2.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$2.01.
View Our Latest Report on Alithya Group
Alithya Group Stock Performance
Alithya Group (TSE:ALYA – Get Free Report) last released its quarterly earnings data on Thursday, June 11th. The company reported C$0.08 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%.The company had revenue of C$113.78 million during the quarter. As a group, analysts predict that Alithya Group will post 0.0400733 earnings per share for the current 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.
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