Barclays PLC Increases Descartes Systems Group Inc (DSG) Price Target to C$39.00
Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its target price hoisted by equities research analysts at Barclays PLC from C$36.00 to C$39.00 in a note issued to investors on Thursday. Barclays PLC’s price objective would suggest a potential upside of 12.23% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. BMO Capital Markets set a C$29.00 price target on Descartes Systems Group and gave the company a “market perform” rating in a report on Thursday. Canaccord Genuity raised their price target on Descartes Systems Group to C$38.00 and gave the company a “buy” rating in a report on Thursday, June 1st. Raymond James Financial, Inc. raised their price target on Descartes Systems Group to C$37.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Royal Bank Of Canada raised their price target on Descartes Systems Group to C$40.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Finally, TD Securities raised their price target on Descartes Systems Group to C$39.00 and gave the company a “buy” rating in a report on Thursday, June 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$35.69.
Descartes Systems Group (DSG) traded up 0.40% during trading on Thursday, reaching $34.89. 144,993 shares of the company’s stock were exchanged. The stock has a market cap of $2.65 billion and a PE ratio of 109.03. The firm has a 50 day moving average of $33.24 and a 200-day moving average of $31.80. Descartes Systems Group has a 12 month low of $26.45 and a 12 month high of $35.56.
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. Its 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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