Descartes Systems Group Inc (DSG) Stock Rating Reaffirmed by Royal Bank Of Canada
Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a report issued on Monday. They currently have a C$34.00 price objective on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 12.40% from the company’s previous close.
A number of other brokerages have also issued reports on DSG. Scotiabank reissued an “outperform” rating and set a C$23.00 target price on shares of Descartes Systems Group in a research note on Friday. CIBC lifted their target price on shares of Descartes Systems Group from C$22.50 to C$25.50 in a research note on Wednesday, October 19th. Finally, Barclays PLC lifted their target price on shares of Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a research note on Friday, September 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Descartes Systems Group has a consensus rating of “Buy” and an average target price of C$28.90.
Shares of Descartes Systems Group (TSE:DSG) traded down 0.30% on Monday, reaching $30.16. The company’s stock had a trading volume of 15,230 shares. The stock has a market capitalization of $2.29 billion and a PE ratio of 104.00. Descartes Systems Group has a 1-year low of $20.94 and a 1-year high of $30.57. The stock has a 50-day moving average of $28.38 and a 200 day moving average of $26.86.
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About Descartes Systems Group
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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