Transat A.T. (TSE:TRZ) Price Target Raised to C$3.30

Transat A.T. (TSE:TRZ) had its price objective boosted by investment analysts at Desjardins from C$3.00 to C$3.30 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target indicates a potential upside of 23.13% from the company’s previous close.

Several other analysts also recently commented on TRZ. CIBC increased their price objective on shares of Transat A.T. from C$2.25 to C$2.60 and gave the company an “underperform” rating in a research report on Thursday, September 4th. National Bank Financial upgraded shares of Transat A.T. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Scotiabank raised their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the company an “underperform” rating in a research report on Friday, September 12th. Finally, National Bankshares upgraded shares of Transat A.T. from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of C$3.33.

Transat A.T. Stock Up 1.1%

TRZ stock traded up C$0.03 on Tuesday, reaching C$2.68. 91,607 shares of the company traded hands, compared to its average volume of 78,726. The firm has a fifty day simple moving average of C$2.34 and a 200-day simple moving average of C$2.56. The company has a market cap of C$108.70 million, a P/E ratio of 0.47, a price-to-earnings-growth ratio of -0.04 and a beta of 1.03. Transat A.T. has a one year low of C$1.41 and a one year high of C$3.25. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76.

Transat A.T. Company Profile

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.