Brokerages Set The Descartes Systems Group Inc. (TSE:DSG) Price Target at C$110.00

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) have been assigned an average rating of “Buy” from the five analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company.

DSG has been the topic of a number of recent research reports. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Loop Capital upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Barclays upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th.

Insider Activity

In other news, Senior Officer Allan Brett sold 5,260 shares of The Descartes Systems Group stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$171.60, for a total transaction of C$902,616.00. 0.02% of the stock is owned by insiders.

The Descartes Systems Group Stock Down 8.6 %

Shares of DSG stock opened at C$145.34 on Friday. The firm’s fifty day moving average price is C$164.47 and its two-hundred day moving average price is C$154.21. The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51. The Descartes Systems Group has a 1 year low of C$119.22 and a 1 year high of C$177.98. The firm has a market capitalization of C$8.80 billion, a P/E ratio of 63.83, a PEG ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.