Desjardins Cuts Alithya Group (TSE:ALYA) Price Target to C$1.55

Alithya Group (TSE:ALYA) had its target price decreased by Desjardins from C$1.75 to C$1.55 in a report released on Tuesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other analysts have also commented on the stock. Scotiabank lowered shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company 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 research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$2.01.

Alithya Group Trading Down 1.0%

TSE ALYA opened at C$0.98 on Tuesday. The company has a market cap of C$94.83 million, a price-to-earnings ratio of -2.45, a P/E/G ratio of 2.38 and a beta of -0.68. Alithya Group has a 52 week low of C$0.94 and a 52 week high of C$2.61. The business has a 50 day moving average price of C$1.10 and a 200-day moving average price of C$1.34. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 88.81.

Alithya Group (TSE:ALYA) last issued its earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share 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 for the quarter. As a group, equities analysts expect that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

About Alithya Group

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.