BMO Capital Markets reissued their market perform rating on shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) in a research note published on Thursday, September 7th. BMO Capital Markets currently has a C$29.00 target price on the stock.
A number of other research analysts also recently commented on the company. Royal Bank Of Canada boosted their target price on Descartes Systems Group to C$40.00 and gave the company an outperform rating in a research note on Friday, September 1st. Canaccord Genuity boosted their target price on Descartes Systems Group to C$38.00 and gave the company a buy rating in a research note on Thursday, June 1st. Raymond James Financial, Inc. boosted their target price on Descartes Systems Group to C$37.00 and gave the company an outperform rating in a research note on Thursday, June 1st. Scotiabank boosted their price target on Descartes Systems Group to C$38.00 and gave the stock an outperform rating in a research report on Thursday, June 1st. Finally, TD Securities boosted their price target on Descartes Systems Group to C$39.00 and gave the stock a buy rating in a research report on Thursday, June 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$35.81.
Descartes Systems Group (TSE DSG) traded up 0.06% during midday trading on Thursday, reaching $34.14. 119,666 shares of the company were exchanged. The company has a 50 day moving average of $33.99 and a 200-day moving average of $32.16. The company has a market capitalization of $2.62 billion and a price-to-earnings ratio of 100.41. Descartes Systems Group has a 52-week low of $26.99 and a 52-week 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 dated Thursday, September 14th. The stock was sold at an average price of C$34.33, for a total transaction 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.
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