The Descartes Systems Group (TSE:DSG) Stock Price Crosses Above 50 Day Moving Average of $95.06

The Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$95.06 and traded as high as C$106.42. The Descartes Systems Group shares last traded at C$105.70, with a volume of 74,872 shares trading hands.

Several equities research analysts recently commented on DSG shares. TD Securities raised their target price on The Descartes Systems Group to C$120.00 and gave the company a “buy” rating in a report on Thursday, September 9th. CIBC raised their price objective on The Descartes Systems Group to C$113.00 and gave the company an “outperform” rating in a research note on Thursday, September 9th. Royal Bank of Canada raised their price objective on The Descartes Systems Group to C$120.00 and gave the company an “outperform” rating in a research note on Thursday, September 9th. Finally, Raymond James raised their price objective on The Descartes Systems Group to C$101.00 and gave the company a “market perform” rating in a research note on Thursday, September 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$103.40.

The company has a market cap of C$8.94 billion and a price-to-earnings ratio of 99.16. The firm has a 50-day moving average price of C$95.06 and a 200 day moving average price of C$84.15. The company has a current ratio of 1.68, a quick ratio of 1.51 and a debt-to-equity ratio of 1.25.

In other news, Senior Officer Christopher Jones sold 4,000 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of C$90.46, for a total value of C$361,838.40. Following the completion of the transaction, the insider now owns 42,384 shares in the company, valued at approximately C$3,834,039.69.

The Descartes Systems Group Company Profile (TSE:DSG)

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

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