The Descartes Systems Group (TSE:DSG) Upgraded to Strong-Buy at Loop Capital

Loop Capital upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

DSG has been the topic of several other reports. Barclays upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$92.50.

The Descartes Systems Group Stock Up 0.4 %

DSG opened at C$170.75 on Tuesday. The Descartes Systems Group has a 1-year low of C$105.80 and a 1-year high of C$174.24. The firm’s 50 day simple moving average is C$155.69 and its two-hundred day simple moving average is C$141.53. The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. The company has a market capitalization of C$14.60 billion, a PE ratio of 85.80, a PEG ratio of 2.39 and a beta of 0.74.

Insider Activity at The Descartes Systems Group

In other The Descartes Systems Group 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 transaction of C$902,616.00. Also, Senior Officer Andrew Roszko sold 22,900 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$140.45, for a total transaction of C$3,216,305.00. 0.02% of the stock is owned by corporate insiders.

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.