Transat A.T. Inc. (TSE:TRZ) Receives C$3.27 Consensus Target Price from Brokerages

Shares of Transat A.T. Inc. (TSE:TRZ) have earned an average rating of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$3.27.

Several brokerages have recently weighed in on TRZ. National Bank Financial upgraded shares of Transat A.T. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Scotiabank upped their price objective on shares of Transat A.T. from C$2.00 to C$2.25 and gave the company an “underperform” rating in a report on Friday, September 12th. CIBC upped their price objective on shares of Transat A.T. from C$2.25 to C$2.60 and gave the company an “underperform” rating in a report on Thursday, September 4th. National Bankshares upgraded shares of Transat A.T. from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. Finally, Desjardins lowered their target price on shares of Transat A.T. from C$3.25 to C$3.00 and set a “hold” rating on the stock in a report on Friday, September 12th.

Transat A.T. Price Performance

Shares of TSE TRZ opened at C$2.55 on Monday. The firm’s 50-day moving average price is C$2.71 and its 200-day moving average price is C$2.24. Transat A.T. has a 1-year low of C$1.41 and a 1-year high of C$3.25. The firm has a market capitalization of C$102.81 million, a P/E ratio of 0.35, a P/E/G ratio of -0.04 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60.

About Transat A.T.

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.