Descartes Systems Group Inc (DSG) Given New C$25.50 Price Target at CIBC
Descartes Systems Group Inc (TSE:DSG) had its target price hoisted by research analysts at CIBC from C$22.50 to C$25.50 in a note issued to investors on Wednesday. CIBC’s price objective would indicate a potential downside of 8.04% from the company’s current price.
Other research analysts have also recently issued reports about the company. Barclays PLC lifted their price target on Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a research report on Friday, September 9th. Scotiabank reissued an “outperform” rating and issued a C$29.00 price objective on shares of Descartes Systems Group in a report on Thursday, October 13th. Finally, Royal Bank Of Canada raised their price objective on Descartes Systems Group from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$29.50.
Shares of Descartes Systems Group (TSE:DSG) traded up 1.15% during mid-day trading on Wednesday, hitting $28.05. The stock had a trading volume of 51,553 shares. Descartes Systems Group has a one year low of $20.94 and a one year high of $28.81. The stock has a market cap of $2.13 billion and a P/E ratio of 96.72. The firm has a 50 day moving average of $27.75 and a 200-day moving average of $26.03.
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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