TRANSAT AT (TRZ) Stock Price Up 2% Following Analyst Upgrade
TRANSAT AT Inc (TSE:TRZ) rose 2% during trading on Wednesday after National Bank Financial raised their price target on the stock from C$13.50 to C$15.00. National Bank Financial currently has an outperform rating on the stock. TRANSAT AT traded as high as C$11.10 and last traded at C$11.00. Approximately 267,513 shares were traded during trading, an increase of 268% from the average daily volume of 72,677 shares. The stock had previously closed at C$10.78.
TRZ has been the subject of several other reports. Desjardins upped their price target on TRANSAT AT from C$14.00 to C$15.00 in a research note on Friday, September 8th. Scotiabank upped their price target on TRANSAT AT from C$10.00 to C$10.50 and gave the stock a “sector perform” rating in a research note on Friday, December 15th. Laurentian Bank of Canada upgraded TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 price target for the company in a research note on Tuesday, August 22nd. CIBC lowered their target price on TRANSAT AT from C$11.00 to C$9.50 in a research note on Tuesday, August 22nd. Finally, Laurentian upgraded TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 target price for the company in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$11.93.
In related news, Director Jean-Pierre Delisle bought 4,800 shares of the stock in a transaction dated Thursday, December 14th. The stock was acquired at an average price of C$10.30 per share, for a total transaction of C$49,440.00. In the last quarter, insiders bought 6,340 shares of company stock valued at $65,184.
TRANSAT AT Company Profile
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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