Transat A.T. Inc. (TSE:TRZ – Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.00 and traded as low as C$2.23. Transat A.T. shares last traded at C$2.30, with a volume of 104,960 shares traded.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. TD Securities reduced their price objective on shares of Transat A.T. from C$3.75 to C$3.00 and set a “hold” rating for the company in a research note on Friday, June 7th. CIBC dropped their target price on shares of Transat A.T. from C$2.70 to C$2.30 and set an “underperform” rating for the company in a research report on Monday, June 10th. National Bankshares dropped their target price on shares of Transat A.T. from C$3.00 to C$2.25 and set an “underperform” rating for the company in a research report on Monday, May 13th. Scotiabank dropped their target price on shares of Transat A.T. from C$2.50 to C$2.25 and set an “underperform” rating for the company in a research report on Friday, June 7th. Finally, Desjardins dropped their target price on shares of Transat A.T. from C$4.00 to C$3.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of C$2.56.
Check Out Our Latest Stock Report on Transat A.T.
Transat A.T. Stock Down 0.4 %
Transat A.T. Company Profile
Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.
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