TRANSAT AT Inc (TRZ) Receives Average Rating of “Buy” from Brokerages
TRANSAT AT Inc (TSE:TRZ) has received an average recommendation of “Buy” from the nine brokerages that are covering the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$9.44.
TRZ has been the topic of a number of recent research reports. TD Securities restated a “hold” rating and issued a C$8.00 target price on shares of TRANSAT AT in a research note on Wednesday, August 31st. CIBC lowered their target price on TRANSAT AT from C$7.75 to C$7.00 in a research note on Friday, September 9th. Desjardins lowered their target price on TRANSAT AT from C$9.00 to C$8.00 and set a “hold” rating on the stock in a research note on Friday, September 9th. Paradigm Capital boosted their target price on TRANSAT AT from C$9.50 to C$13.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Finally, Scotiabank lowered their target price on TRANSAT AT from C$9.50 to C$8.00 and set an “outperform” rating on the stock in a research note on Friday, September 9th.
Shares of TRANSAT AT (TSE:TRZ) opened at 6.03 on Tuesday. The firm’s market cap is $222.01 million. TRANSAT AT has a 52 week low of $5.92 and a 52 week high of $8.70. The firm’s 50-day moving average price is $6.24 and its 200-day moving average price is $6.91.
TRANSAT AT Company Profile
Transat A.T. Inc is a Canada-based international tour operator. The Company operates in the holiday travel industry and markets services primarily in the Americas and Europe. The Company’s primary business consists of developing and marketing holiday travel services in package and air-only formats. It operates as an outgoing, as well as an incoming tour operator by bundling services bought in Canada and abroad, and reselling them primarily in Canada, France, the United Kingdom and in over 10 other European countries, directly or through intermediaries.
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