Descartes Systems Group Inc (DSG) Given New C$25.50 Price Target at CIBC
Descartes Systems Group Inc (TSE:DSG) had its price objective lifted by research analysts at CIBC from C$22.50 to C$25.50 in a research note issued on Wednesday, StockTargetPrices.com reports. CIBC’s price target points to a potential downside of 8.04% from the company’s previous close.
Other analysts have also recently issued reports about the company. Barclays PLC upped their target price on Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a research report on Friday, September 9th. Scotiabank reissued an “outperform” rating and issued a C$29.00 target price on shares of Descartes Systems Group in a research report on Thursday, October 13th. Finally, Royal Bank Of Canada upped their target price on Descartes Systems Group from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Descartes Systems Group currently has a consensus rating of “Buy” and a consensus price target of C$29.50.
Shares of Descartes Systems Group (TSE:DSG) traded up 1.15% during mid-day trading on Wednesday, reaching $28.05. The company’s stock had a trading volume of 51,553 shares. The company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 96.72. The company’s 50 day moving average price is $27.75 and its 200-day moving average price is $26.03. Descartes Systems Group has a 1-year low of $20.94 and a 1-year high of $28.81.
About Descartes Systems Group
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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