Descartes Systems Group Inc (DSG) Price Target Raised to C$25.50 at CIBC
Descartes Systems Group Inc (TSE:DSG) had its price objective boosted by analysts at CIBC from C$22.50 to C$25.50 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. CIBC’s target price would suggest a potential downside of 8.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Barclays PLC boosted their price objective on shares of Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a research report on Friday, September 9th. Scotiabank reissued an “outperform” rating and issued a C$29.00 price objective on shares of Descartes Systems Group in a research report on Thursday, October 13th. Finally, Royal Bank Of Canada boosted their price objective on shares of Descartes Systems Group from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$29.50.
Shares of Descartes Systems Group (TSE:DSG) traded up 1.33% during trading on Wednesday, hitting $28.10. 54,053 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $27.75 and a 200-day moving average price of $26.03. The stock has a market cap of $2.13 billion and a P/E ratio of 96.90. Descartes Systems Group has a one year low of $20.94 and a one year high of $28.81.
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About Descartes Systems Group
The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.
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