TRANSAT AT Inc (TSE:TRZ) Receives Average Rating of “Hold” from Brokerages
TRANSAT AT Inc (TSE:TRZ) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$8.43.
Several analysts have commented on the company. Desjardins raised TRANSAT AT from a “hold” rating to a “buy” rating and raised their price objective for the company from C$7.50 to C$9.00 in a report on Thursday. CIBC raised TRANSAT AT from an “underperform” rating to a “neutral” rating and raised their price objective for the company from C$7.00 to C$9.50 in a report on Thursday. TD Securities raised their price objective on TRANSAT AT from C$5.00 to C$7.00 in a report on Friday, June 9th. Finally, Scotiabank raised their price objective on TRANSAT AT from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a report on Friday, June 9th.
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Shares of TRANSAT AT (TRZ) traded up 7.65% on Monday, hitting $7.32. The company had a trading volume of 243,715 shares. The stock’s 50-day moving average is $5.85 and its 200 day moving average is $5.58. The company has a market capitalization of $270.73 million and a price-to-earnings ratio of 70.38. TRANSAT AT has a 52 week low of $5.03 and a 52 week high of $7.32.
TRANSAT AT Company Profile
Transat A.T. Inc is a Canada-based international tour operator that specializes in holiday travel. The Company’s primary business consists of developing and marketing holiday travel services in package and air-only formats. It operates as an outgoing, as well as an incoming tour operator by bundling services purchased in Canada and abroad, and reselling them primarily in Canada, France, the United Kingdom and in over 10 other European countries, directly or through intermediaries.
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