Analysts Set Descartes Systems Group Inc (DSG) Price Target at $35.44

Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$35.44.

Several equities analysts have recently issued reports on DSG shares. Scotiabank upped their target price on Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. TD Securities upped their target price on Descartes Systems Group to C$39.00 and gave the company a “buy” rating in a report on Thursday, June 1st. Raymond James Financial, Inc. upped their target price on Descartes Systems Group to C$37.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$35.00 target price on shares of Descartes Systems Group in a report on Thursday, June 1st. Finally, Canaccord Genuity increased their price objective on Descartes Systems Group to C$38.00 and gave the company a “buy” rating in a report on Thursday, June 1st.

Shares of Descartes Systems Group (TSE:DSG) opened at 33.60 on Monday. The company has a 50 day moving average price of $31.78 and a 200 day moving average price of $31.03. Descartes Systems Group has a 52 week low of $26.13 and a 52 week high of $34.31. The company has a market cap of $2.55 billion and a PE ratio of 105.00.

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Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. The company’s network-based solutions offer 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 operation services, as well as connects people to their trading partners and enable business document exchange.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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