Alithya Group Inc. (TSE:ALYA) Receives C$1.80 Average PT from Analysts

Alithya Group Inc. (TSE:ALYA) has been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$1.47.

Several equities research analysts have recently weighed in on ALYA shares. Desjardins downgraded shares of Alithya Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$1.55 to C$1.15 in a research report on Friday, August 14th. Ventum decreased their price target on Alithya Group to C$2.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Barrington Research lowered Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 14th. ATB Cormark Capital Markets cut Alithya Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$1.60 to C$1.35 in a research note on Friday, August 14th. Finally, Scotiabank cut Alithya Group from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from C$2.00 to C$1.50 in a research note on Friday, April 24th.

Alithya Group Price Performance

ALYA stock opened at C$1.08 on Friday. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.41. The company has a market capitalization of C$104.51 million, a P/E ratio of -2.51, a PEG ratio of 2.38 and a beta of -0.71. The firm has a 50 day simple moving average of C$1.06 and a 200-day simple moving average of C$1.27.

Alithya Group (TSE:ALYA) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. The firm had revenue of C$105.05 million for the quarter. On average, equities research analysts predict 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.