Descartes Systems Group Inc (DSG) Earns Outperform Rating from Scotiabank
Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “outperform” rating reissued by analysts at Scotiabank in a research report issued to clients and investors on Friday. They currently have a C$23.00 price objective on the stock. Scotiabank’s price target suggests a potential downside of 24.19% from the stock’s previous close.
A number of other equities analysts have also commented on DSG. Royal Bank Of Canada raised their price objective on shares of Descartes Systems Group from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 12th. Barclays PLC raised their price objective on shares of 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. Finally, CIBC raised their price objective on shares of Descartes Systems Group from C$22.50 to C$25.50 in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$28.30.
Descartes Systems Group (TSE:DSG) traded down 0.20% during midday trading on Friday, hitting $30.28. 22,639 shares of the stock were exchanged. The company’s 50 day moving average is $28.31 and its 200-day moving average is $26.82. The stock has a market cap of $2.30 billion and a PE ratio of 104.41. Descartes Systems Group has a 1-year low of $20.94 and a 1-year high of $30.57.
Descartes Systems Group Company Profile
The Descartes Systems Group Inc (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.
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