The Descartes Systems Group Inc. (TSE:DSG) Receives C$92.50 Consensus Target Price from Analysts

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) has earned a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$92.50.

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

The Descartes Systems Group Price Performance

DSG opened at C$171.22 on Wednesday. The firm has a market capitalization of C$14.64 billion, a PE ratio of 86.04, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The business’s 50-day moving average is C$166.75 and its two-hundred day moving average is C$151.00. The Descartes Systems Group has a 1 year low of C$113.65 and a 1 year high of C$174.24.

Insider Transactions at The Descartes Systems Group

In related news, Senior Officer Allan Brett sold 5,260 shares of the stock in a transaction that occurred 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. Insiders own 0.02% of the company’s stock.

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.