Descartes Systems Group (DSG) PT Raised to C$34.00

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) had its price target boosted by Canaccord Genuity from C$30.00 to C$34.00 in a research report issued to clients and investors on Thursday. Canaccord Genuity’s price target would suggest a potential downside of 1.96% from the stock’s current price.

DSG has been the subject of several other research reports. Royal Bank Of Canada upped their target price on Descartes Systems Group to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Raymond James Financial increased their price objective on Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Barclays increased their price objective on Descartes Systems Group from C$36.00 to C$39.00 in a research note on Thursday, September 7th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$29.00 price objective on shares of Descartes Systems Group in a research note on Thursday, September 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$35.43.

Shares of Descartes Systems Group (TSE DSG) opened at C$34.68 on Thursday. Descartes Systems Group has a 52 week low of C$27.39 and a 52 week high of C$39.91.

In other 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. In the last three months, insiders have sold 38,500 shares of company stock valued at $1,316,915.

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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.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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