Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its price target hoisted by Royal Bank Of Canada to C$40.00 in a research report report published on Friday, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research analysts also recently commented on DSG. TD Securities upped their price objective on Descartes Systems Group to C$39.00 and gave the stock a buy rating in a research note on Thursday, June 1st. Scotiabank boosted their price target on Descartes Systems Group to C$38.00 and gave the stock an outperform rating in a research report on Thursday, June 1st. BMO Capital Markets reiterated a market perform rating and set a C$35.00 price target on shares of Descartes Systems Group in a research report on Thursday, June 1st. Raymond James Financial, Inc. boosted their price target on Descartes Systems Group to C$37.00 and gave the stock an outperform rating in a research report on Thursday, June 1st. Finally, Canaccord Genuity boosted their price target on Descartes Systems Group to C$38.00 and gave the stock a buy rating in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$35.94.

Shares of Descartes Systems Group (TSE DSG) opened at 35.11 on Friday. The firm has a market cap of $2.67 billion and a P/E ratio of 109.72. The firm has a 50-day moving average price of $32.96 and a 200-day moving average price of $31.66. Descartes Systems Group has a 12-month low of $26.45 and a 12-month high of $35.33.

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About Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its 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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