TRANSAT AT Inc (TRZ) Given Consensus Recommendation of “Buy” by Brokerages
TRANSAT AT Inc (TSE:TRZ) has been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$11.07.
A number of equities research analysts have recently commented on TRZ shares. CIBC upgraded shares of TRANSAT AT from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$7.00 to C$9.50 in a report on Thursday, July 20th. Desjardins upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$7.50 to C$9.00 in a report on Thursday, July 20th. TD Securities lowered their price target on shares of TRANSAT AT from C$10.00 to C$7.00 and set a “hold” rating for the company in a report on Thursday, July 27th. National Bank Financial lowered their price target on shares of TRANSAT AT from C$12.00 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, August 22nd. Finally, Scotiabank lowered their price target on shares of TRANSAT AT from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a report on Tuesday, August 22nd.
TRANSAT AT (TRZ) traded down 0.84% on Wednesday, hitting $10.57. 46,506 shares of the company traded hands. The stock’s 50-day moving average is $9.82 and its 200 day moving average is $7.48. TRANSAT AT has a 12 month low of $5.03 and a 12 month high of $10.96. The stock has a market cap of $391.41 million and a PE ratio of 18.51.
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In related news, Director Louis-Marie Beaulieu bought 10,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was purchased at an average cost of C$9.55 per share, for a total transaction of C$95,500.00.
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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