What Will Happen to Descartes Systems Group Inc Next? The Stock Just Has Raised A Lot

 What Will Happen to Descartes Systems Group Inc Next? The Stock Just Has Raised A Lot

The stock of Descartes Systems Group Inc (TSE:DSG) is a huge mover today! About 59,505 shares traded hands. Descartes Systems Group Inc (TSE:DSG) has risen 23.35% since March 14, 2016 and is uptrending. It has outperformed by 17.81% the S&P500.
The move comes after 6 months positive chart setup for the $2.17 billion company. It was reported on Oct, 19 by Barchart.com. We have $37.40 PT which if reached, will make TSE:DSG worth $716.10 million more.

Descartes Systems Group Inc (TSE:DSG) Ratings Coverage

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 $25 is the lowest. The $29.50 average target is 4.91% above today’s ($28.12) stock price. Descartes Systems Group has been the topic of 14 analyst reports since August 28, 2015 according to StockzIntelligence Inc. As per Monday, November 30, the company rating was maintained by RBC Capital Markets. Scotia Capital maintained Descartes Systems Group Inc (TSE:DSG) rating on Wednesday, August 31. Scotia Capital has “Outperform” rating and $29 price target. As per Friday, September 9, the company rating was maintained by Scotia Capital. The stock of Descartes Systems Group Inc (TSE:DSG) earned “Outperform” rating by Scotia Capital on Friday, June 17. The firm has “Outperform” rating given on Friday, May 20 by RBC Capital Markets.

Another recent and important Descartes Systems Group Inc (TSE:DSG) news was published by Twst.com which published an article titled: “The Descartes Systems Group Inc.: Descartes Acquires Appterra” on October 12, 2016.

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 $2.17 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 73.2 P/E ratio.

DSG.TO Company Profile

The Descartes Systems Group Inc. (Descartes), incorporated on February 1, 2012, 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’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. The Company’s pricing model allows its clients to purchase its solutions either on a perpetual license, subscription or transactional basis.

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