Transat A.T. (TSE:TRZ) Price Target Raised to C$2.25

Transat A.T. (TSE:TRZ) had its price target boosted by TD Securities from C$2.00 to C$2.25 in a research note released on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other brokerages have also weighed in on TRZ. Desjardins reduced their target price on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research note on Friday, September 13th. CIBC reduced their price objective on Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating for the company in a research report on Friday, September 13th. National Bankshares dropped their target price on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a research report on Friday, September 13th. Finally, Scotiabank reduced their price target on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of C$1.81.

Transat A.T. Stock Performance

Shares of TRZ stock opened at C$1.95 on Friday. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.76. Transat A.T. has a 52 week low of C$1.68 and a 52 week high of C$4.33. The company’s 50 day moving average price is C$1.82 and its two-hundred day moving average price is C$2.07. The company has a market capitalization of C$76.38 million, a P/E ratio of -0.50, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50.

About Transat A.T.

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.