Descartes Systems Group Inc (DSG) Receives Average Recommendation of “Buy” from Brokerages

Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$35.43.

A number of brokerages recently issued reports on DSG. TD Securities increased their price objective on Descartes Systems Group from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Scotiabank increased their price objective on Descartes Systems Group from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Barclays increased their price objective on Descartes Systems Group from C$39.00 to C$42.00 in a research report on Friday, December 1st. Canaccord Genuity increased their price objective on Descartes Systems Group from C$30.00 to C$34.00 in a research report on Thursday, November 30th. Finally, Raymond James Financial downgraded Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 price objective on the stock. in a research report on Thursday, November 30th.

Shares of Descartes Systems Group (TSE DSG) opened at C$35.07 on Monday. Descartes Systems Group has a 12-month low of C$27.78 and a 12-month high of C$39.91. The stock has a market capitalization of $2,690.00, a price-to-earnings ratio of 81.56 and a beta of 0.11.

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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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