The Descartes Systems Group Inc (DSG) PT Raised to C$45.00 at Royal Bank Of Canada
The Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its price objective boosted by investment analysts at Royal Bank Of Canada to C$45.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 13.75% from the company’s previous close.
A number of other brokerages have also issued reports on DSG. Raymond James Financial, Inc. raised their price target on shares of The Descartes Systems Group to C$38.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. BMO Capital Markets reissued a “market perform” rating and issued a C$29.00 price target on shares of The Descartes Systems Group in a report on Thursday, September 7th. Finally, Barclays PLC raised their price target on shares of The Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday, September 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$38.00.
Shares of The Descartes Systems Group (DSG) traded up C$0.85 during trading hours on Wednesday, reaching C$39.56. 130,069 shares of the company were exchanged, compared to its average volume of 111,052. The Descartes Systems Group has a one year low of C$27.39 and a one year high of C$39.70.
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In related news, Director Michael Verhoeve sold 2,500 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$34.01, for a total transaction of C$85,025.00. Insiders have sold a total of 38,500 shares of company stock worth $1,316,915 in the last ninety days.
The 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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