Alithya Group (TSE:ALYA) Price Target Cut to C$2.50 by Analysts at Scotiabank

Alithya Group (TSE:ALYA - Get Free Report) had its target price lowered by investment analysts at Scotiabank from C$2.80 to C$2.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 39.66% from the company's current price.

Separately, Barrington Research cut their target price on shares of Alithya Group from C$3.50 to C$2.50 in a report on Thursday, April 24th.

Alithya Group Stock Performance

Alithya Group stock traded up C$0.03 during midday trading on Tuesday, hitting C$1.79. 21,700 shares of the company were exchanged, compared to its average volume of 30,560. The business has a fifty day simple moving average of C$1.80 and a two-hundred day simple moving average of C$1.75. The company has a debt-to-equity ratio of 68.27, a quick ratio of 1.32 and a current ratio of 1.39. The firm has a market capitalization of C$162.05 million, a PE ratio of -51.63, a price-to-earnings-growth ratio of 2.38 and a beta of 0.42. Alithya Group has a fifty-two week low of C$1.40 and a fifty-two week high of C$2.31.

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.