Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) shares hit a new 52-week high on Friday . The stock traded as high as C$36.89 and last traded at C$36.80, with a volume of 35,957 shares. The stock had previously closed at C$36.18.

Several research firms have commented on DSG. Royal Bank Of Canada increased their price objective on shares of Descartes Systems Group to C$40.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Raymond James Financial, Inc. increased their price objective on shares of Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a report on Friday, September 8th. BMO Capital Markets reissued a “market perform” rating and set a C$29.00 price objective on shares of Descartes Systems Group in a report on Thursday, September 7th. Finally, Barclays PLC increased their price objective on shares of Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday, September 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$37.29.

The company’s 50-day moving average is $34.80 and its 200-day moving average is $32.90. The company has a market capitalization of $2.81 billion and a price-to-earnings ratio of 107.88.

In other news, Director Michael Verhoeve sold 2,500 shares of Descartes Systems Group stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$34.01, for a total value of C$85,025.00. In the last quarter, insiders sold 38,500 shares of company stock worth $1,316,915.

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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.

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