Firan Technology Group (TSE:FTG) Stock Price Target Lowered at Raymond James Financial

Firan Technology Group (TSE:FTG) had its price target decreased by research analysts at Raymond James Financial from C$38.00 to C$30.00 in a note issued to investors on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential downside of 13.62% from the company’s current price.

Separately, ATB Cormark Capital Markets raised their price objective on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$35.00.

Firan Technology Group Price Performance

Shares of FTG traded up C$2.73 during trading hours on Friday, hitting C$34.73. The stock had a trading volume of 421,235 shares, compared to its average volume of 93,809. The stock has a market capitalization of C$874.26 million, a price-to-earnings ratio of 58.86 and a beta of 1.66. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The company’s fifty day moving average is C$22.99 and its two-hundred day moving average is C$22.10. Firan Technology Group has a 52 week low of C$9.78 and a 52 week high of C$35.14.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings results on Wednesday, October 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. The firm had revenue of C$64.10 million during the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. On average, analysts anticipate that Firan Technology Group will post 0.4199717 EPS for the current 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.