BMO Capital Markets Reaffirms Market Perform Rating for Descartes Systems Group Inc (TSE:DSG)

BMO Capital Markets reaffirmed their market perform rating on shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) in a research report sent to investors on Thursday, September 7th. BMO Capital Markets currently has a C$29.00 price target on the stock.

Several other brokerages also recently weighed in on DSG. Royal Bank Of Canada lifted their price target on shares of Descartes Systems Group to C$40.00 and gave the company an outperform rating in a report on Friday, September 1st. TD Securities lifted their price target on shares of Descartes Systems Group to C$39.00 and gave the company a buy rating in a report on Thursday, June 1st. Scotiabank lifted their price target on shares of Descartes Systems Group to C$38.00 and gave the company an outperform rating in a report on Thursday, June 1st. Raymond James Financial, Inc. lifted their price target on shares of Descartes Systems Group to C$37.00 and gave the company an outperform rating in a report on Thursday, June 1st. Finally, Canaccord Genuity lifted their price target on shares of Descartes Systems Group to C$38.00 and gave the company a buy rating in a report on Thursday, June 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Descartes Systems Group presently has a consensus rating of Buy and a consensus target price of C$35.81.

Descartes Systems Group (TSE:DSG) opened at 34.12 on Thursday. The stock’s 50 day moving average is $33.99 and its 200 day moving average is $32.16. The company has a market capitalization of $2.62 billion and a PE ratio of 100.35. Descartes Systems Group has a one year low of $26.99 and a one year high of $35.56.

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In related news, Director Michael Verhoeve sold 7,500 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$34.33, for a total value of C$257,475.00.

Descartes Systems Group Company Profile

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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