Descartes Systems Group (TSE:DSG) Price Target Raised to C$32.00 at Scotiabank

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) had its price objective increased by equities research analysts at Scotiabank from C$29.00 to C$32.00 in a research note issued on Thursday, November 30th. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 9.14% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Canaccord Genuity lifted their price objective on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research report on Thursday, November 30th. Barclays boosted their price objective on shares of Descartes Systems Group from C$36.00 to C$39.00 in a research report on Thursday, September 7th. Raymond James Financial downgraded shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 target price for the company. in a research note on Thursday, November 30th. BMO Capital Markets reaffirmed 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. Finally, Royal Bank of Canada boosted their target price on Descartes Systems Group to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Descartes Systems Group presently has an average rating of “Buy” and a consensus target price of C$35.43.

Descartes Systems Group (TSE:DSG) opened at C$35.22 on Thursday. Descartes Systems Group has a 1-year low of C$27.40 and a 1-year high of C$39.91.

In other news, Director Michael Verhoeve sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$34.33, for a total transaction of C$257,475.00. Over the last quarter, insiders have sold 38,500 shares of company stock valued at $1,316,915.

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Descartes Systems Group Company Profile

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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