The Descartes Systems Group Inc (DSG) Given New C$45.00 Price Target at Royal Bank Of Canada
The Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its price target raised by Royal Bank Of Canada to C$45.00 in a report issued on Wednesday morning. The firm currently has an outperform rating on the stock.
A number of other analysts have also recently issued reports on DSG. BMO Capital Markets reaffirmed a market perform rating and issued a C$29.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 7th. Barclays PLC increased their target price on The Descartes Systems Group from C$36.00 to C$39.00 in a research note on Thursday, September 7th. Finally, Raymond James Financial, Inc. increased their target price on The Descartes Systems Group to C$38.00 and gave the stock an outperform rating in a research note on Friday, September 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$38.00.
The Descartes Systems Group (TSE DSG) opened at C$39.57 on Wednesday. The Descartes Systems Group has a 52-week low of C$27.39 and a 52-week high of C$39.91.
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In other The Descartes Systems Group news, Director Michael Verhoeve sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$34.33, for a total transaction of C$257,475.00. In the last 90 days, insiders have sold 38,500 shares of company stock worth $1,316,915.
The Descartes Systems Group Company Profile
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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