Desjardins Issues Pessimistic Forecast for Alithya Group (TSE:ALYA) Stock Price

Alithya Group (TSE:ALYA) had its price target dropped by equities researchers at Desjardins from C$1.75 to C$1.55 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 56.57% from the stock’s previous close.

A number of other brokerages have also commented on ALYA. Scotiabank lowered shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. Ventum lowered their target price on Alithya Group to C$2.00 and set a “buy” rating for the company in a report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$2.01.

Alithya Group Price Performance

TSE ALYA opened at C$0.99 on Tuesday. The business has a 50 day simple moving average of C$1.11 and a 200 day simple moving average of C$1.35. Alithya Group has a 52-week low of C$0.94 and a 52-week high of C$2.61. The company has a debt-to-equity ratio of 88.81, a quick ratio of 1.32 and a current ratio of 1.25. The stock has a market cap of C$95.80 million, a price-to-earnings ratio of -2.47, a PEG ratio of 2.38 and a beta of -0.68.

Alithya Group (TSE:ALYA) last announced its quarterly earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$113.78 million for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. Analysts anticipate 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.