TRANSAT AT (TRZ) Rating Lowered to Sector Perform at National Bank Financial
TRANSAT AT (TSE:TRZ) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday. They currently have a C$9.50 target price on the stock, down from their previous target price of C$13.00. National Bank Financial’s price target indicates a potential upside of 15.15% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Desjardins lowered their price target on TRANSAT AT from C$18.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, June 15th. CIBC lowered their price target on TRANSAT AT from C$10.50 to C$10.00 in a research report on Friday, June 15th. Cormark lifted their price target on TRANSAT AT from C$13.00 to C$14.00 in a research report on Tuesday, July 10th. TD Securities cut TRANSAT AT from a “buy” rating to a “hold” rating and lowered their price target for the company from C$11.50 to C$8.50 in a research report on Friday. Finally, Laurentian lowered their price target on TRANSAT AT from C$12.50 to C$11.00 in a research report on Friday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$11.00.
Shares of TRZ stock opened at C$8.25 on Friday. TRANSAT AT has a 1 year low of C$7.02 and a 1 year high of C$11.82.
TRANSAT AT Company Profile
Transat A.T. Inc operates as an integrated tour operator in the Americas, Europe, and the Middle East. It develops and markets holiday travel services in package and air-only formats; and offers vacation packages, hotel stays, and air travel to 60 destinations in 26 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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