Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its price objective lifted by Royal Bank Of Canada to C$40.00 in a research report report published on Friday morning. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on DSG. Scotiabank lifted their target price on shares of Descartes Systems Group to C$38.00 and gave the company an outperform rating in a research note on Thursday, June 1st. TD Securities lifted their target price on shares of Descartes Systems Group to C$39.00 and gave the company a buy rating in a research note on Thursday, June 1st. Raymond James Financial, Inc. lifted their target price on shares of Descartes Systems Group to C$37.00 and gave the company an outperform rating in a research note on Thursday, June 1st. BMO Capital Markets reissued a market perform rating and set a C$35.00 target price on shares of Descartes Systems Group in a research note on Thursday, June 1st. Finally, Canaccord Genuity lifted their price objective on shares of Descartes Systems Group to C$38.00 and gave the company a buy rating in a research note on Thursday, June 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$35.94.

Shares of Descartes Systems Group (DSG) traded up 0.14% on Friday, hitting $35.11. The company had a trading volume of 97,149 shares. Descartes Systems Group has a 12-month low of $26.45 and a 12-month high of $35.33. The company has a market cap of $2.67 billion and a price-to-earnings ratio of 109.72. The company has a 50 day moving average of $32.96 and a 200-day moving average of $31.66.

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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.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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