Descartes Systems Group Inc (DSG) Stock Rating Reaffirmed by Royal Bank Of Canada
Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. They presently have a C$34.00 price target on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 13.37% from the company’s previous close.
Other equities analysts have also issued reports about the stock. CIBC upped their price target on shares of Descartes Systems Group from C$22.50 to C$25.50 in a research report on Wednesday, October 19th. Scotiabank reiterated an “outperform” rating and issued a C$23.00 price target on shares of Descartes Systems Group in a research report on Friday, November 25th. Finally, Barclays PLC upped their price target on shares of Descartes Systems Group from C$30.00 to C$31.00 and gave the stock an “overweight” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$28.90.
Shares of Descartes Systems Group (TSE:DSG) opened at 29.99 on Monday. The firm has a 50-day moving average of $28.44 and a 200-day moving average of $26.93. Descartes Systems Group has a one year low of $20.94 and a one year high of $30.57. The company has a market cap of $2.27 billion and a price-to-earnings ratio of 103.41.
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Descartes Systems Group Company Profile
The Descartes Systems Group Inc (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s 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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