Raymond James Financial Increases Firan Technology Group (TSE:FTG) Price Target to C$24.00

Key Points

• Raymond James Financial raised its price target on Firan Technology Group from C$20.00 to C$24.00 and kept an outperform rating, implying roughly a 26.98% upside from the current price.
• Shares dropped 4.2% to C$18.90 on Friday; the company reported quarterly EPS of C$0.14 on C$47.3M revenue and has a market cap of about C$475.8M with a P/E of 36.35.
• Firan Technology Group is a supplier of aerospace and defense electronic products with two segments—FTG Circuits (printed circuit boards) and FTG Aerospace (illuminated cockpit panels and assemblies)—and generates substantial sales in the United States.

Firan Technology Group (TSE:FTG - Get Free Report) had its target price hoisted by analysts at Raymond James Financial from C$20.00 to C$24.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price target indicates a potential upside of 26.98% from the company's current price.

Firan Technology Group Stock Down 4.2%

Shares of FTG stock traded down C$0.83 on Friday, reaching C$18.90. 89,044 shares of the stock were exchanged, compared to its average volume of 113,298. The company has a current ratio of 2.48, a quick ratio of 1.53 and a debt-to-equity ratio of 54.90. The business's 50 day moving average price is C$18.26 and its 200 day moving average price is C$13.97. The company has a market capitalization of C$475.77 million, a price-to-earnings ratio of 36.35 and a beta of 1.92. Firan Technology Group has a twelve month low of C$7.50 and a twelve month high of C$22.87.

Firan Technology Group (TSE:FTG - Get Free Report) last released its quarterly earnings data on Wednesday, April 8th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$47.30 million during the quarter. Firan Technology Group had a net margin of 6.85% and a return on equity of 14.42%. As a group, sell-side analysts expect that Firan Technology Group will post 0.4199717 earnings per share for the current fiscal year.

Firan Technology Group Company Profile

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the global marketplace. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, subassemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.

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