Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “market perform” rating restated by BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a C$29.00 target price on the stock. BMO Capital Markets’ price target points to a potential downside of 16.55% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. 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. 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. Royal Bank Of Canada raised their price objective on shares of Descartes Systems Group to C$40.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. 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. Finally, 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Descartes Systems Group currently has a consensus rating of “Buy” and an average target price of C$35.69.

Shares of Descartes Systems Group (TSE DSG) traded up 0.14% on Thursday, reaching $34.80. The company had a trading volume of 191,264 shares. Descartes Systems Group has a 12 month low of $26.45 and a 12 month high of $35.56. The firm’s 50 day moving average is $33.24 and its 200 day moving average is $31.80. The firm has a market capitalization of $2.64 billion and a PE ratio of 108.75.

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About Descartes Systems Group

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.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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