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

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$110.00.

Several brokerages have recently commented on DSG. Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Loop Capital upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st.

Insider Activity

In other news, Senior Officer Allan Brett sold 5,260 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$171.60, for a total value of C$902,616.00. Corporate insiders own 0.02% of the company’s stock.

The Descartes Systems Group Stock Down 1.2 %

Shares of TSE:DSG opened at C$157.74 on Friday. The Descartes Systems Group has a one year low of C$115.30 and a one year high of C$177.98. The company has a 50 day moving average of C$165.05 and a 200-day moving average of C$154.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85. The stock has a market cap of C$9.55 billion, a price-to-earnings ratio of 69.28, a P/E/G ratio of 2.39 and a beta of 0.74.

About The Descartes Systems Group

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.