Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “outperform” rating reaffirmed by research analysts at Scotiabank in a report released on Friday, StockTargetPrices.com reports. They currently have a C$23.00 price objective on the stock. Scotiabank’s price target suggests a potential downside of 24.19% from the company’s previous close.
Other analysts have also issued reports about the company. CIBC lifted their price target on Descartes Systems Group from C$22.50 to C$25.50 in a report on Wednesday, October 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$30.00 price target (up from C$29.00) on shares of Descartes Systems Group in a report on Tuesday, September 6th. Finally, Barclays PLC lifted their price target on 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$28.30.
Shares of Descartes Systems Group (TSE:DSG) traded down 0.33% during mid-day trading on Friday, hitting $30.24. The company had a trading volume of 24,439 shares. Descartes Systems Group has a one year low of $20.94 and a one year high of $30.57. The company’s 50-day moving average is $28.31 and its 200 day moving average is $26.82. The company has a market capitalization of $2.29 billion and a PE ratio of 104.28.
Descartes Systems Group Company Profile