Firan Technology Group (TSE:FTG) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Firan Technology Group (TSE:FTG) had its price objective boosted by research analysts at ATB Cormark Capital Markets from C$30.00 to C$40.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 15.17% from the company’s previous close.

Separately, Raymond James Financial upped their price objective on shares of Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Firan Technology Group presently has a consensus rating of “Buy” and an average price target of C$35.00.

Firan Technology Group Trading Up 8.5%

TSE FTG traded up C$2.73 on Friday, reaching C$34.73. 421,235 shares of the company were exchanged, compared to its average volume of 93,809. The company has a current ratio of 2.66, a quick ratio of 1.53 and a debt-to-equity ratio of 26.70. The business’s fifty day moving average price is C$22.99 and its 200 day moving average price is C$22.10. The stock 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 has a fifty-two week low of C$9.78 and a fifty-two week high of C$35.14.

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