BMO Capital Markets Analysts Give Descartes Systems Group Inc (DSG) a C$29.00 Price Target

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) received a C$29.00 price target from analysts at BMO Capital Markets in a report issued on Thursday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 16.55% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Canaccord Genuity boosted their price objective on Descartes Systems Group to C$38.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. Raymond James Financial, Inc. boosted their price objective on Descartes Systems Group to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Royal Bank Of Canada boosted their price objective on Descartes Systems Group to C$40.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. TD Securities boosted their price objective on Descartes Systems Group to C$39.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. Finally, Scotiabank boosted their price objective on Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$35.69.

Shares of Descartes Systems Group (TSE:DSG) traded up 0.43% during trading on Thursday, reaching $34.90. 140,393 shares of the company were exchanged. Descartes Systems Group has a 1-year low of $26.45 and a 1-year high of $35.56. The firm has a market capitalization of $2.65 billion and a P/E ratio of 109.06. The firm’s 50 day moving average is $33.24 and its 200 day moving average is $31.80.

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About Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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