Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) has received a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$35.44.

Several equities analysts recently commented on DSG shares. Scotiabank increased their price objective on shares of Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. TD Securities increased their price objective on shares of Descartes Systems Group to C$39.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. Raymond James Financial, Inc. increased their price objective on shares of Descartes Systems Group to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$35.00 price objective on shares of Descartes Systems Group in a research report on Thursday, June 1st. Finally, Canaccord Genuity increased their price objective on shares of Descartes Systems Group to C$38.00 and gave the company a “buy” rating in a research report on Thursday, June 1st.

Shares of Descartes Systems Group (TSE DSG) traded down 1.34% during trading on Friday, reaching $33.95. 8,403 shares of the company were exchanged. The stock’s 50 day moving average is $31.99 and its 200 day moving average is $31.21. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of 106.09. Descartes Systems Group has a 1-year low of $26.45 and a 1-year high of $34.92.

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Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. The company’s network-based solutions offer 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 operation services, as well as connects people to their trading partners and enable business document exchange.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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