Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$35.44.

A number of analysts recently issued reports on DSG shares. Scotiabank raised their price objective on shares of Descartes Systems Group to C$38.00 and gave the stock an “outperform” rating in a report on Thursday, June 1st. TD Securities raised their price objective on shares of Descartes Systems Group to C$39.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. Raymond James Financial, Inc. raised their price objective on shares of Descartes Systems Group to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, June 1st. BMO Capital Markets restated a “market perform” rating and set a C$35.00 price objective on shares of Descartes Systems Group in a report on Thursday, June 1st. Finally, Canaccord Genuity raised their price objective on shares of Descartes Systems Group to C$38.00 and gave the stock a “buy” rating in a report on Thursday, June 1st.

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Shares of Descartes Systems Group (TSE:DSG) traded up 0.26% during mid-day trading on Monday, hitting $30.87. 4,009 shares of the company traded hands. The stock has a market capitalization of $2.35 billion and a price-to-earnings ratio of 96.47. The firm has a 50-day moving average of $32.21 and a 200-day moving average of $30.65. Descartes Systems Group has a one year low of $25.04 and a one year high of $34.31.

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.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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