Firan Technology Group (TSE:FTG) Stock Price Target Cut by Raymond James Financial

Firan Technology Group (TSE:FTG) had its target price reduced by Raymond James Financial from C$38.00 to C$30.00 in a report released on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential downside of 13.62% from the stock’s current price.

Separately, ATB Cormark Capital Markets boosted their price target on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the company 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 Trading Up 8.5%

TSE:FTG traded up C$2.73 during trading hours on Friday, hitting C$34.73. 421,235 shares of the stock were exchanged, compared to its average volume of 93,809. The company’s 50 day moving average is C$22.99 and its two-hundred day moving average is C$22.10. Firan Technology Group has a twelve month low of C$9.78 and a twelve month high of C$35.14. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The company has a market capitalization of C$874.26 million, a P/E ratio of 58.86 and a beta of 1.66.

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

Firan Technology Group Company Profile

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.