Laurentian Cuts TRANSAT AT (TRZ) Price Target to C$11.00

TRANSAT AT (TSE:TRZ) had its target price trimmed by Laurentian from C$12.50 to C$11.00 in a research note issued to investors on Friday morning.

Several other equities research analysts have also recently weighed in on TRZ. TD Securities cut TRANSAT AT from a buy rating to a hold rating and reduced their price objective for the company from C$11.50 to C$8.50 in a research report on Friday. Cormark increased their price objective on TRANSAT AT from C$13.00 to C$14.00 in a research report on Tuesday, July 10th. National Bank Financial reduced their price objective on TRANSAT AT from C$14.00 to C$13.00 and set an outperform rating for the company in a research report on Friday, June 15th. CIBC reduced their price objective on TRANSAT AT from C$10.50 to C$10.00 in a research report on Friday, June 15th. Finally, Desjardins reduced their price objective on TRANSAT AT from C$18.00 to C$15.00 and set a buy rating for the company in a research report on Friday, June 15th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of C$11.00.

Shares of TRANSAT AT stock opened at C$8.05 on Friday. TRANSAT AT has a 12-month low of C$7.02 and a 12-month high of C$11.82.

In other news, Director Cesare Lina De sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of C$8.55, for a total value of C$342,000.00.

About TRANSAT AT

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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