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

Alithya Group (TSE:ALYA) had its price target lowered by research analysts at Ventum to C$2.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum’s price objective would suggest a potential upside of 104.08% from the stock’s previous close.

Separately, Scotiabank downgraded Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$2.00 to C$1.50 in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alithya Group currently has an average rating of “Moderate Buy” and a consensus target price of C$2.17.

Alithya Group Stock Performance

ALYA remained flat at C$0.98 during trading on Monday. The company’s stock had a trading volume of 70,828 shares, compared to its average volume of 60,012. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 10.02. The business’s fifty day moving average price is C$1.32 and its two-hundred day moving average price is C$1.49. The company has a market cap of C$94.83 million, a price-to-earnings ratio of -2.45, a price-to-earnings-growth ratio of 2.38 and a beta of -0.79. Alithya Group has a one year low of C$0.94 and a one year high of C$2.62.

Alithya Group (TSE:ALYA) last issued its earnings results 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, equities research analysts forecast that Alithya Group will post 0.0400733 earnings per share for the current fiscal 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.