Allan Brett Sells 5,260 Shares of The Descartes Systems Group Inc. (TSE:DSG) Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Senior Officer Allan Brett sold 5,260 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of C$171.60, for a total value of C$902,616.00.

The Descartes Systems Group Trading Down 2.8 %

Shares of DSG stock opened at C$165.98 on Thursday. The company has a market capitalization of C$14.19 billion, a price-to-earnings ratio of 83.41, a PEG ratio of 2.39 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of C$156.92 and a 200 day moving average price of C$141.94. The Descartes Systems Group Inc. has a twelve month low of C$105.80 and a twelve month high of C$174.24.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DSG shares. Loop Capital raised The Descartes Systems Group to a “strong-buy” rating in a research note on Tuesday. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Barclays raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$92.50.

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.