Could Descartes Systems Group Inc Lose Strenght? The Stock Increases A Lot Today


The stock of Descartes Systems Group Inc (TSE:DSG) is a huge mover today! About 43,406 shares traded hands. Descartes Systems Group Inc (TSE:DSG) has risen 16.26% since February 5, 2016 and is uptrending. It has underperformed by 0.23% the S&P500.
The move comes after 8 months positive chart setup for the $2.08 billion company. It was reported on Sep, 13 by We have $44.68 PT which if reached, will make TSE:DSG worth $1.31 billion more.

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 $27.50 is the lowest. The $30.50 average target is 11.27% above today’s ($27.41) stock price. Descartes Systems Group has been the topic of 11 analyst reports since November 30, 2015 according to StockzIntelligence Inc.

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 $2.08 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 71.75 P/E ratio.

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