The Descartes Systems Group Inc (DSG) PT Raised to C$38.00 at Scotiabank

The Descartes Systems Group Inc (DSG) PT Raised to C$38.00 at Scotiabank

Other equities research analysts have also recently issued reports about the stock. TD Securities reaffirmed a “buy” rating and issued a C$25.00 target price on shares of Descartes Systems Group in a report on Thursday, March 9th. Canaccord Genuity upped their target price on shares of Descartes Systems Group to C$38.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$35.00 target price on shares of Descartes Systems Group in a report on Thursday. Raymond James Financial, Inc. upped their target price on shares of Descartes Systems Group to C$37.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$35.00 target price on shares of Descartes Systems Group in a report on Monday, March 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Descartes Systems Group presently has an average rating of “Buy” and an average target price of C$35.44.

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) had its target price boosted by investment analysts at Scotiabank to C$38.00 in a research note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 13.06% from the stock’s previous close.

Descartes Systems Group (TSE:DSG) opened at 33.61 on Thursday. Descartes Systems Group has a 1-year low of $23.83 and a 1-year high of $34.31. The stock has a 50 day moving average price of $32.11 and a 200-day moving average price of $29.90. The company has a market capitalization of $2.55 billion and a price-to-earnings ratio of 108.42.

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. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:DSG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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