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, MarketBeat.com 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.

COPYRIGHT VIOLATION WARNING: This story was reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://transcriptdaily.com/2017/11/26/descartes-systems-group-inc-dsg-receives-average-rating-of-buy-from-analysts.html.

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)

Receive News & Ratings for Descartes Systems Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Descartes Systems Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply