TRANSAT AT Inc (TRZ) Given Consensus Rating of “Hold” by Brokerages
TRANSAT AT Inc (TSE:TRZ) has earned an average rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$8.43.
Several brokerages recently issued reports on TRZ. TD Securities upped their price objective on shares of TRANSAT AT from C$5.00 to C$7.00 in a research note on Friday, June 9th. Scotiabank upped their price objective on shares of TRANSAT AT from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research note on Friday, June 9th. CIBC raised shares of TRANSAT AT from an “underperform” rating to a “neutral” rating and increased their price target for the stock from C$7.00 to C$9.50 in a research note on Thursday, July 20th. Finally, Desjardins raised shares of TRANSAT AT from a “hold” rating to a “buy” rating and increased their price target for the stock from C$7.50 to C$9.00 in a research note on Thursday, July 20th.
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Shares of TRANSAT AT (TSE:TRZ) opened at 7.73 on Monday. The stock has a market cap of $285.89 million and a price-to-earnings ratio of 74.33. The stock’s 50 day moving average is $6.62 and its 200 day moving average is $5.80. TRANSAT AT has a 52-week low of $5.03 and a 52-week high of $7.88.
About TRANSAT AT
Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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