National Bankshares Has Lowered Expectations for Alithya Group (TSE:ALYA) Stock Price

Alithya Group (TSE:ALYA) had its price target reduced by investment analysts at National Bankshares from C$2.50 to C$2.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 15.61% from the stock’s current price.

Separately, Ventum Financial lowered their target price on Alithya Group from C$2.70 to C$2.50 in a research note on Friday.

Alithya Group Stock Performance

Shares of ALYA stock traded down C$0.03 during midday trading on Friday, hitting C$1.73. The company had a trading volume of 10,580 shares, compared to its average volume of 28,945. The company’s 50 day simple moving average is C$1.76 and its 200 day simple moving average is C$1.94. Alithya Group has a 52-week low of C$1.34 and a 52-week high of C$2.40. The stock has a market cap of C$153.35 million, a price-to-earnings ratio of -14.42, a PEG ratio of 2.38 and a beta of 0.42. The company has a debt-to-equity ratio of 68.30, a current ratio of 1.30 and a quick ratio of 1.32.

Alithya Group Company Profile

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company offers strategic consulting, enterprise transformation, and business enablement services. It also offers advisory services for digital strategy, organization performance, cybersecurity, enterprise architecture, and change management.