Descartes Systems Group Coverage Initiated at Barclays (DSG)
Analysts at Barclays started coverage on shares of Descartes Systems Group (TSE:DSG) in a research report issued to clients and investors on Monday. The firm set an “overweight” rating and a C$18.00 price target on the stock. Barclays’ price objective suggests a potential upside of 18.19% from the company’s current price.
Shares of Descartes Systems Group (TSE:DSG) traded up 1.90% during mid-day trading on Monday, hitting $15.52. 5,890 shares of the company’s stock traded hands. Descartes Systems Group has a 52 week low of $10.93 and a 52 week high of $17.02. The stock has a 50-day moving average of $14.97 and a 200-day moving average of $15.11. The company has a market cap of $990.6 million and a P/E ratio of 84.61.
Descartes Systems Group (TSE:DSG) last announced its earnings results on Thursday, May 29th. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. During the same quarter last year, the company posted $0.04 earnings per share. Analysts expect that Descartes Systems Group will post $0.25 EPS for the current fiscal year.
The Descartes Systems Group Inc (TSE:DSG) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources.
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