Transat A.T. (TSE:TRZ) Price Target Lowered to C$2.00 at Desjardins

Transat A.T. (TSE:TRZ) had its price target dropped by investment analysts at Desjardins from C$2.25 to C$2.00 in a research report issued on Tuesday,BayStreet.CA reports. Desjardins’ price objective indicates a potential upside of 30.72% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. TD Securities cut their target price on shares of Transat A.T. from C$2.00 to C$1.75 and set a “hold” rating for the company in a research report on Monday. CIBC increased their price objective on Transat A.T. from C$1.45 to C$1.80 in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, Transat A.T. has an average rating of “Reduce” and an average price target of C$1.71.

Transat A.T. Stock Down 1.3 %

Shares of TSE TRZ traded down C$0.02 during mid-day trading on Tuesday, reaching C$1.53. The company had a trading volume of 19,488 shares, compared to its average volume of 42,049. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of C$60.76 million, a price-to-earnings ratio of -0.52, a PEG ratio of -0.04 and a beta of 1.50. The stock has a fifty day moving average of C$1.79 and a two-hundred day moving average of C$1.81. Transat A.T. has a 12-month low of C$1.45 and a 12-month high of C$4.12.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.