RBC Capital Increases Descartes Systems Group Inc (DSG) Price Target to C$29.40

Descartes Systems Group Inc (TSE:DSG) had its price target upped by equities research analysts at RBC Capital from C$27.00 to C$29.40 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. RBC Capital’s price target suggests a potential upside of 11.79% from the company’s previous close.

Separately, Scotiabank reaffirmed 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. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$28.88.

Descartes Systems Group (TSE:DSG) traded up 0.87% during trading on Friday, reaching $26.53. 9,111 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $24.59 and its 200-day moving average price is $24.87. The company has a market capitalization of $2.01 billion and a price-to-earnings ratio of 98.26. Descartes Systems Group has a 52-week low of $18.31 and a 52-week high of $28.81.

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.