TRANSAT AT Inc (TRZ) Receives Consensus Recommendation of “Buy” from Analysts
Shares of TRANSAT AT Inc (TSE:TRZ) have earned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$11.07.
A number of brokerages have commented on TRZ. Desjardins increased their price target on shares of TRANSAT AT from C$14.00 to C$15.00 in a research note on Friday, September 8th. TD Securities increased their price target on shares of TRANSAT AT from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, September 8th. CIBC cut their price target on shares of TRANSAT AT from C$11.00 to C$10.50 in a research note on Monday, September 11th. Laurentian upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 price target for the company in a research note on Tuesday, August 22nd. Finally, Scotiabank cut their price target on shares of TRANSAT AT from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a research note on Tuesday, August 22nd.
Shares of TRANSAT AT (TSE:TRZ) traded down C$0.10 during mid-day trading on Wednesday, reaching C$10.51. The company’s stock had a trading volume of 24,749 shares, compared to its average volume of 104,140. TRANSAT AT has a 52 week low of C$5.03 and a 52 week high of C$10.96.
In related news, Director Louis-Marie Beaulieu acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were bought at an average cost of C$9.55 per share, with a total value of C$95,500.00.
About TRANSAT AT
Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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