Descartes Systems Group Inc (DSG) Receives Average Rating of “Buy” from Analysts

Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$38.00.

Several equities research analysts have recently weighed in on DSG shares. Royal Bank Of Canada increased their price objective on Descartes Systems Group to C$45.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James Financial, Inc. increased their price objective on Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Barclays PLC increased their price objective on Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday, September 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$29.00 price target on shares of Descartes Systems Group in a research note on Thursday, September 7th.

Shares of Descartes Systems Group (TSE:DSG) opened at C$39.36 on Friday. Descartes Systems Group has a fifty-two week low of C$27.39 and a fifty-two week high of C$39.91.

In other news, Director Michael Verhoeve sold 7,500 shares of the company’s 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. Insiders have sold 38,500 shares of company stock valued at $1,316,915 in the last 90 days.

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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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