Descartes Systems Group Inc (DSG) Rating Reiterated by Scotiabank
Descartes Systems Group Inc (TSE:DSG)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a report issued on Thursday. They presently have a C$29.00 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 5.49% from the company’s previous close.
A number of other brokerages have also recently weighed in on DSG. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$30.00 target price (up previously from C$29.00) on shares of Descartes Systems Group in a report on Tuesday, September 6th. Barclays PLC lifted their target price on Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a report on Friday, September 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$30.50.
Descartes Systems Group (TSE:DSG) traded up 1.51% on Thursday, hitting $27.49. The stock had a trading volume of 57,583 shares. The company’s 50 day moving average is $27.78 and its 200 day moving average is $25.95. The firm has a market cap of $2.08 billion and a PE ratio of 94.79. Descartes Systems Group has a 12-month low of $20.94 and a 12-month high of $28.81.
About Descartes Systems Group
The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.
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