Firan Technology Group (TSE:FTG) Stock Price Target Raised at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised Firan Technology Group’s price target to C$40 from C$30 and maintained an “outperform” rating, implying roughly 15% upside. Raymond James also increased its target to C$30; analysts collectively rate the stock “Buy” with an average target of C$35.
• Firan shares rose C$2.73 to C$34.73, near their 52-week high of C$35.14, on trading volume well above average. The stock has gained substantially from its 52-week low of C$9.78.
• The company reported quarterly EPS of C$0.41 on revenue of C$64.10 million, with a 15.33% return on equity and a 7.46% net margin. Firan supplies aerospace and defence electronics, printed circuit boards, cockpit products, and electronic assemblies.

Firan Technology Group (TSE:FTG - Get Free Report) had its target price increased by equities researchers at ATB Cormark Capital Markets from C$30.00 to C$40.00 in a research note issued on Friday, BayStreet reports. The firm presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target points to a potential upside of 15.17% from the stock's current price.

Separately, Raymond James Financial increased their target price on Firan Technology Group from C$24.00 to C$30.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Firan Technology Group currently has an average rating of "Buy" and an average target price of C$35.00.

Firan Technology Group Price Performance

Shares of Firan Technology Group stock traded up C$2.73 on Friday, hitting C$34.73. The company's stock had a trading volume of 421,235 shares, compared to its average volume of 93,809. The company has a debt-to-equity ratio of 26.70, a quick ratio of 1.53 and a current ratio of 2.66. Firan Technology Group has a 1 year low of C$9.78 and a 1 year high of C$35.14. The firm has a fifty day moving average price of C$22.99 and a 200-day moving average price of C$22.10. The company has a market capitalization of C$874.26 million, a price-to-earnings ratio of 58.86 and a beta of 1.66.

Firan Technology Group (TSE:FTG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The company had revenue of C$64.10 million for the quarter. As a group, sell-side analysts anticipate that Firan Technology Group will post 0.4199717 earnings per share for the current fiscal year.

About Firan Technology Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.