Descartes Systems Group Inc (TSE:DSG) was downgraded by equities researchers at Beacon Securities from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Descartes Systems Group (TSE:DSG) traded up 1.25% during trading on Thursday, hitting $26.63. The stock had a trading volume of 27,909 shares. Descartes Systems Group has a 1-year low of $18.31 and a 1-year high of $28.81. The firm’s 50-day moving average price is $24.59 and its 200-day moving average price is $24.87. The stock has a market cap of $2.02 billion and a PE ratio of 98.63.

Several other research firms have also issued reports on DSG. RBC Capital reiterated an “outperform” rating and set a C$27.50 price target on shares of Descartes Systems Group in a research report on Friday, May 20th. Scotiabank reiterated an “outperform” rating and set a C$29.00 price target on shares of Descartes Systems Group in a research report on Monday, April 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$28.88.

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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