Descartes Systems Group Inc (DSG) Stock Rating Reaffirmed by Scotiabank

Scotiabank reiterated their outperform rating on shares of Descartes Systems Group Inc (TSE:DSG) in a research report sent to investors on Thursday morning. The firm currently has a C$29.00 price target on the stock.

A number of other brokerages have also recently commented on DSG. Royal Bank Of Canada raised their price target on Descartes Systems Group from C$29.00 to C$31.00 and gave the stock an outperform rating in a research report on Monday, September 12th. Barclays PLC raised their price target on Descartes Systems Group from C$30.00 to C$31.00 and gave the stock an overweight rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of C$30.50.

Descartes Systems Group (TSE:DSG) opened at 27.73 on Thursday. Descartes Systems Group has a 52-week low of $20.94 and a 52-week high of $28.81. The firm’s 50-day moving average is $27.75 and its 200-day moving average is $26.03. The firm has a market capitalization of $2.10 billion and a P/E ratio of 95.62.

About Descartes Systems Group

The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.

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