Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its target price lifted by equities research analysts at Raymond James Financial, Inc. to C$38.00 in a report issued on Friday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 10.69% from the stock’s current price.

Several other research firms also recently issued reports on DSG. Royal Bank Of Canada boosted 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. 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. Scotiabank boosted 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. Canaccord Genuity boosted 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. Finally, Barclays PLC boosted their price objective on shares of Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Descartes Systems Group has an average rating of “Buy” and a consensus price target of C$35.81.

Shares of Descartes Systems Group (TSE DSG) traded down 1.27% during trading on Friday, hitting $34.33. 142,319 shares of the stock traded hands. Descartes Systems Group has a one year low of $26.45 and a one year high of $35.56. The firm has a 50 day moving average price of $33.35 and a 200-day moving average price of $31.82. The company has a market cap of $2.61 billion and a PE ratio of 107.28.

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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.

Stock Target Prices

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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