Desjardins Boosts TRANSAT AT Inc (TRZ) Price Target to C$15.00
TRANSAT AT Inc (TSE:TRZ) had its price target upped by research analysts at Desjardins from C$14.00 to C$15.00 in a research report issued to clients and investors on Friday. Desjardins’ price target points to a potential upside of 65.20% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Scotiabank lifted their price objective on shares of 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. TD Securities lifted their price objective on shares of TRANSAT AT from C$5.00 to C$7.00 in a report on Friday, June 9th. National Bank Financial cut their price objective on shares of TRANSAT AT from C$12.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, August 22nd. CIBC raised shares of TRANSAT AT from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from C$7.00 to C$9.50 in a report on Thursday, July 20th. Finally, Laurentian raised shares of TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 price objective on the stock in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. TRANSAT AT has a consensus rating of “Buy” and an average price target of C$11.19.
Shares of TRANSAT AT (TRZ) traded down 0.11% during mid-day trading on Friday, hitting $9.07. The stock had a trading volume of 262,438 shares. The stock has a market cap of $335.45 million and a P/E ratio of 87.21. The company’s 50 day moving average is $8.21 and its 200-day moving average is $6.28. TRANSAT AT has a 52-week low of $5.03 and a 52-week high of $10.44.
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About TRANSAT AT
Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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