Alithya Group (TSE:ALYA) Stock Gets Price Target Trim from Desjardins

Alithya Group (TSE:ALYA) had its price objective decreased by Desjardins from C$1.15 to C$1.10 in a report issued on Thursday,BayStreet reports. Desjardins currently has a hold rating on the stock.

Several other equities research analysts have also issued reports on the stock. Barrington Research lowered shares of Alithya Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets downgraded Alithya Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$1.60 to C$1.35 in a research note on Friday, August 14th. Ventum Financial lowered Alithya Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from C$2.00 to C$1.35 in a report on Tuesday, August 18th. Finally, Ventum lowered their price target on Alithya Group to C$2.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$1.46.

Alithya Group Stock Down 0.9%

ALYA stock opened at C$1.10 on Thursday. The company has a market cap of C$106.44 million, a price-to-earnings ratio of -2.56, a PEG ratio of 2.38 and a beta of -1.15. Alithya Group has a 12-month low of C$0.94 and a 12-month high of C$2.10. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.41. The company has a 50 day moving average of C$1.12 and a two-hundred day moving average of C$1.18.

Alithya Group (TSE:ALYA) last announced 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 return on equity of 27.81% and a negative net margin of 9.03%. The business had revenue of C$105.05 million during the quarter. On average, equities analysts anticipate that Alithya Group will post 0.04 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.