Trading Report: Today, Descartes Systems Group Inc (DSG) Earns Outperform Rating from Scotiabank

Today, Descartes Systems Group Inc (DSG) Earns Outperform Rating from Scotiabank

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. They presently have a C$23.00 price target on the stock. Scotiabank’s target price indicates a potential downside of 24.19% from the stock’s current price.

Several other equities research analysts have also issued reports on DSG. Royal Bank Of Canada increased their target price on shares of Descartes Systems Group from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Monday, September 12th. Barclays PLC increased their target price on shares of Descartes Systems Group from C$30.00 to C$31.00 and gave the stock an “overweight” rating in a report on Friday, September 9th. Finally, CIBC increased their target price on shares of Descartes Systems Group from C$22.50 to C$25.50 in a report on Wednesday, October 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$28.30.

Descartes Systems Group (TSE:DSG) traded down 0.20% on Friday, hitting $30.28. 22,639 shares of the company’s stock traded hands. The stock has a market cap of $2.30 billion and a P/E ratio of 104.41. The stock has a 50 day moving average price of $28.31 and a 200-day moving average price of $26.82. Descartes Systems Group has a 12 month low of $20.94 and a 12 month high of $30.57.

About Descartes Systems Group

The Descartes Systems Group Inc (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s 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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