The Descartes Systems Group (TSE:DSG) Upgraded at Loop Capital

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by stock analysts at Loop Capital to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. 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 upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$92.50.

The Descartes Systems Group Stock Performance

TSE DSG opened at C$170.75 on Tuesday. The company’s fifty day moving average is C$155.69 and its two-hundred day moving average is C$141.53. The Descartes Systems Group has a 52-week low of C$105.80 and a 52-week high of C$174.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The firm has a market capitalization of C$14.60 billion, a price-to-earnings ratio of 85.80, a P/E/G ratio of 2.39 and a beta of 0.74.

Insider Activity

In other The Descartes Systems Group news, Senior Officer Allan Brett sold 5,260 shares of the company’s 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 value 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 shares were 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 currently owned by company 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.