Firan Technology Group (TSE:FTG) Given a C$30.00 Price Target at ATB Cormark Capital Markets

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

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

Firan Technology Group Trading Up 4.3%

FTG stock traded up C$0.90 during trading on Wednesday, hitting C$21.73. The company had a trading volume of 37,012 shares, compared to its average volume of 99,123. Firan Technology Group has a 52-week low of C$9.78 and a 52-week high of C$26.63. The company has a 50 day simple moving average of C$21.33 and a 200-day simple moving average of C$17.69. The firm has a market capitalization of C$547.01 million, a P/E 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 issued its earnings results on Wednesday, April 8th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$47.30 million for the quarter. Firan Technology Group had a net margin of 6.85% and a return on equity of 14.24%. As a group, research analysts forecast that Firan Technology Group will post 0.4199717 earnings per share for the current fiscal 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.