Trade Report: Today: Royal Bank Of Canada Reaffirmed Outperform Rating for Descartes Systems Group Inc (DSG)

Today: Royal Bank Of Canada Reaffirmed Outperform Rating for Descartes Systems Group Inc (DSG)

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. They presently have a C$34.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 12.40% from the stock’s current price.

A number of other brokerages have also issued reports on DSG. Scotiabank reiterated an “outperform” rating and issued a C$29.00 price target on shares of Descartes Systems Group in a report on Thursday, October 13th. CIBC boosted their price target on Descartes Systems Group from C$22.50 to C$25.50 in a report on Wednesday, October 19th. Finally, Barclays PLC boosted their price target on Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a report on Friday, September 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Descartes Systems Group has an average rating of “Buy” and an average target price of C$28.90.

Descartes Systems Group (TSE:DSG) traded down 0.23% during mid-day trading on Monday, hitting $30.18. The company’s stock had a trading volume of 15,530 shares. The firm’s 50-day moving average is $28.38 and its 200-day moving average is $26.86. Descartes Systems Group has a 12-month low of $20.94 and a 12-month high of $30.57. The company has a market cap of $2.29 billion and a P/E ratio of 104.07.

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