Alithya Group (TSE:ALYA) Stock Price Target Cut by Desjardins

Key Points

• Desjardins cut Alithya Group’s price target to C$1.10 from C$1.15 while maintaining a “hold” rating.
• Several analysts have recently downgraded the stock, and coverage now includes one “buy” and five “hold” ratings. The consensus price target is C$1.46.
• Shares traded flat at C$1.10, near the 50-day average of C$1.12, while the company reported quarterly revenue of C$105.05 million and negative profitability metrics.

Alithya Group (TSE:ALYA - Get Free Report) had its price objective cut by research analysts at Desjardins from C$1.15 to C$1.10 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a "hold" rating on the stock.

A number of other research firms also recently commented on ALYA. Ventum Financial downgraded shares of Alithya Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from C$2.00 to C$1.35 in a research report on Tuesday, August 18th. ATB Cormark Capital Markets downgraded shares of Alithya Group from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$1.60 to C$1.35 in a research note on Friday, August 14th. Barrington Research lowered Alithya Group from an "outperform" rating to a "market perform" rating in a report on Friday, August 14th. Finally, Ventum reduced 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. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$1.46.

Alithya Group Price Performance

Shares of TSE ALYA remained flat at C$1.10 during midday trading on Thursday. The stock had a trading volume of 5,200 shares, compared to its average volume of 53,973. The firm has a fifty day simple moving average of C$1.12 and a two-hundred day simple moving average of C$1.18. The company has a market cap of C$106.44 million, a P/E ratio of -2.56, a PEG ratio of 2.38 and a beta of -1.15. Alithya Group has a 1-year low of C$0.94 and a 1-year high of C$2.10. The company has a debt-to-equity ratio of 95.41, a quick ratio of 1.32 and a current ratio of 1.45.

Alithya Group (TSE:ALYA - Get Free Report) 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 firm had revenue of C$105.05 million during the quarter. Equities analysts anticipate that Alithya Group will post 0.0400733 EPS 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.

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