Descartes Systems Group Inc (DSG) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have received an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$37.29.
Several equities analysts have weighed in on the company. Barclays PLC raised their target price on Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday, September 7th. BMO Capital Markets restated a “market perform” rating and set a C$29.00 target price on shares of Descartes Systems Group in a report on Thursday, September 7th. Raymond James Financial, Inc. raised their target price on Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada raised their target price on Descartes Systems Group to C$40.00 and gave the company an “outperform” rating in a report on Friday, September 1st.
Shares of Descartes Systems Group (TSE:DSG) opened at 37.40 on Wednesday. The stock has a 50 day moving average price of $35.28 and a 200 day moving average price of $33.27. The stock has a market cap of $2.87 billion and a P/E ratio of 110.00. Descartes Systems Group has a 12 month low of $27.11 and a 12 month high of $37.92.
In other news, Director Michael Verhoeve sold 7,500 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$34.33, for a total value of C$257,475.00. Over the last ninety days, insiders sold 38,500 shares of company stock worth $1,316,915.
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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