Descartes Systems Group (DSG) Price Target Increased to C$42.00 by Analysts at Barclays
Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) had its price objective boosted by stock analysts at Barclays from C$39.00 to C$42.00 in a research report issued to clients and investors on Friday. Barclays’ price target indicates a potential upside of 17.29% from the stock’s previous close.
Several other analysts also recently weighed in on the company. 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 research note on Friday, September 1st. BMO Capital Markets restated a “market perform” rating and set a C$29.00 target price on shares of Descartes Systems Group in a research note on Thursday, September 7th. Raymond James Financial raised their target price on Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Scotiabank raised their target price on Descartes Systems Group from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity raised their target price on Descartes Systems Group from C$30.00 to C$34.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$35.43.
Shares of Descartes Systems Group (TSE DSG) traded down C$2.52 during midday trading on Friday, reaching C$35.81. The company had a trading volume of 603,214 shares, compared to its average volume of 112,745. Descartes Systems Group has a 52-week low of C$27.39 and a 52-week high of C$39.91.
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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.
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