November 28, 2016 - By Ellis Scott
In a report revealed to clients on 28 November, Descartes Systems Group (TSE:DSG) stock Outperform was reconfirmed by Analysts at RBC Capital Markets. They currently have a $34.00 target price on the stock. RBC Capital Markets’s target price would indicate a potential upside of 12.96% from the company’s previous close.
Out of 4 analysts covering Descartes Systems Group (TSE:DSG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $31 is the highest target while $23 is the lowest. The $28.30 average target is -5.82% below today’s ($30.05) stock price. Descartes Systems Group has been the topic of 15 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $29 target price in Friday, September 9 report. The rating was maintained by RBC Capital Markets on Friday, May 20 with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 30. The stock of Descartes Systems Group Inc (TSE:DSG) has “Outperform” rating given on Friday, November 25 by Scotia Capital. The stock of Descartes Systems Group Inc (TSE:DSG) has “Outperform” rating given on Wednesday, August 31 by Scotia Capital. Scotia Capital maintained Descartes Systems Group Inc (TSE:DSG) on Friday, June 17 with “Outperform” rating.
About 33,435 shares traded hands. Descartes Systems Group Inc (TSE:DSG) has risen 27.15% since April 22, 2016 and is uptrending. It has outperformed by 21.14% the S&P500.
The Descartes Systems Group Inc. is a global well-known provider of federated network and global logistics technology solutions that help its clients make and receive shipments and manage related resources. The company has a market cap of $2.27 billion. The Company’s network solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); 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 operations. It has a 75.79 P/E ratio.
Diamond S Shipping Group, Inc., incorporated on July 31, 2013, provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Firm owns and operates medium range (MR) product tankers. The Firm offers fleet of double hull tankers ranging from 47,130 deadweight tonnage (DWT) to 51,550 DWT. The Company’s fleet consists of approximately 30 MR product tankers, which are built at Korean and Japanese shipyards.
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By Ellis Scott