Stock Analysis:Descartes Systems Group (TSE:DSG) Target Raised
In a comprehensive report revealed to clients and investors by Scotia Capital on Friday morning, Descartes Systems Group (TSE:DSG) had its TP boosted to $29.00. The firm currently has a solid “Outperform” rating on shares.
The stock increased 2.01% or $0.52 on December 4, striking $26.4. Approximately shares of stock traded hands. Descartes Systems Group Inc (TSE:DSG) has risen 40.13% since May 4, 2015 and is uptrending. It has outperformed by 41.21% the S&P500.
The Descartes Systems Group Inc. is a global well-known provider of on-demand, cloud software-as-a-service (SaaS) solutions. The company has a market cap of $2.00 billion. The Firm is focused on logistics and supply chain management business processes. It has 80.37 P/E ratio. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.