Descartes Systems Group Inc (DSG) Receives C$38.00 Consensus Target Price from Brokerages
Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$38.00.
A number of research firms have weighed in on DSG. Royal Bank Of Canada increased their target price on shares of Descartes Systems Group to C$45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Raymond James Financial increased their target price on shares of Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Barclays increased their price target on Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday, September 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$29.00 price target on shares of Descartes Systems Group in a report on Thursday, September 7th.
Descartes Systems Group (DSG) traded down C$1.14 during trading hours on Friday, reaching C$38.33. 224,148 shares of the company’s stock were exchanged, compared to its average volume of 110,612. Descartes Systems Group has a twelve month low of C$27.39 and a twelve month high of C$39.91.
In other Descartes Systems Group news, Director Michael Verhoeve sold 28,500 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$34.19, for a total transaction of C$974,415.00. Insiders have sold a total of 38,500 shares of company stock worth $1,316,915 over the last 90 days.
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About Descartes Systems Group
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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