Firan Technology Group (TSE:FTG) PT Set at C$30.00 by ATB Cormark Capital Markets

Firan Technology Group (TSE:FTG) has been given a C$30.00 price target by equities research analysts at ATB Cormark Capital Markets in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 38.06% from the company’s current price.

Separately, Raymond James Financial lifted their price objective on shares of Firan Technology Group from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$27.00.

Firan Technology Group Stock Up 4.3%

Shares of TSE FTG traded up C$0.90 during mid-day trading on Wednesday, reaching C$21.73. 37,012 shares of the company were exchanged, compared to its average volume of 99,123. Firan Technology Group has a 1 year low of C$9.78 and a 1 year high of C$26.63. The firm has a 50-day moving average of C$21.33 and a 200 day moving average of C$17.69. The stock has a market cap of C$547.01 million, a price-to-earnings ratio of 41.00 and a beta of 2.02. The company has a quick ratio of 1.53, a current ratio of 2.65 and a debt-to-equity ratio of 31.08.

Firan Technology Group (TSE:FTG) last posted its earnings results on Wednesday, April 8th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$47.30 million for the quarter. Firan Technology Group had a return on equity of 14.24% and a net margin of 6.85%. On average, research analysts expect that Firan Technology Group will post 0.4199717 earnings per share for the current year.

Firan Technology Group Company Profile

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.