The Descartes Systems Group Inc. (NASDAQ:DSGX) hit a new 52-week high on Thursday . The company traded as high as $21.92 and last traded at $21.85, with a volume of 21,371 shares trading hands. The stock had previously closed at $21.32.

A number of equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating and set a $29.00 target price on shares of The Descartes Systems Group in a research note on Thursday. Zacks Investment Research lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $27.50 price objective on shares of The Descartes Systems Group in a research note on Friday, May 20th. Canaccord Genuity reissued a “buy” rating on shares of The Descartes Systems Group in a research note on Thursday, May 26th. Finally, Barclays PLC boosted their price objective on shares of The Descartes Systems Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.27.

The stock has a market cap of $1.66 billion and a PE ratio of 76.13. The stock has a 50-day moving average of $20.34 and a 200 day moving average of $19.17.

The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.

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