Raymond James Financial Lowers Descartes Systems Group (DSG) to Market Perform

Raymond James Financial lowered shares of Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning. The firm currently has C$31.00 price objective on the stock.

A number of other equities analysts also recently issued reports on DSG. Canaccord Genuity increased their price objective on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research note on Thursday. Royal Bank Of Canada increased their price objective on shares of Descartes Systems Group to C$45.00 and gave the company an outperform rating in a research note on Wednesday, November 22nd. Barclays increased their price objective on shares of Descartes Systems Group from C$36.00 to C$39.00 in a research note on Thursday, September 7th. Finally, BMO Capital Markets reiterated a market perform rating and set a C$29.00 price objective on shares of Descartes Systems Group in a research note on Thursday, September 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$35.43.

Descartes Systems Group (TSE:DSG) opened at C$34.68 on Thursday. Descartes Systems Group has a one year low of C$27.39 and a one year high of C$39.91.

In other news, Director Michael Verhoeve sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$34.33, for a total transaction of C$257,475.00. Over the last quarter, insiders have sold 38,500 shares of company stock worth $1,316,915.

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About Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based 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.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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