Descartes Systems Group Inc (DSG) Given Consensus Rating of “Buy” by Brokerages
Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$35.44.
Several analysts have recently commented on DSG shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$35.00 price objective on shares of Descartes Systems Group in a report on Thursday, June 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$35.00 price objective on shares of Descartes Systems Group in a report on Monday, March 6th. TD Securities reaffirmed a “buy” rating and issued a C$25.00 price objective on shares of Descartes Systems Group in a report on Friday, March 3rd. Raymond James Financial, Inc. upped their price objective on shares of Descartes Systems Group to C$37.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Finally, Scotiabank upped their price objective on shares of Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a report on Thursday, June 1st.
Shares of Descartes Systems Group (TSE DSG) traded down 1.18% on Tuesday, hitting $32.68. 10,361 shares of the stock traded hands. The company has a market cap of $2.48 billion and a PE ratio of 102.12. Descartes Systems Group has a one year low of $23.83 and a one year high of $34.31. The stock has a 50 day moving average of $32.74 and a 200 day moving average of $30.19.
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Descartes Systems Group Company Profile
Descartes Systems Group Inc (Descartes) is a Canada-based 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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