Laurentian Lowers TRANSAT AT (TRZ) Price Target to C$11.00

TRANSAT AT (TSE:TRZ) had its target price decreased by Laurentian from C$12.50 to C$11.00 in a report released on Friday. Laurentian’s price target points to a potential upside of 33.33% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Cormark lifted their price objective on TRANSAT AT from C$13.00 to C$14.00 in a research note on Tuesday, July 10th. CIBC decreased their target price on TRANSAT AT from C$10.50 to C$10.00 in a research note on Friday, June 15th. Desjardins decreased their target price on TRANSAT AT from C$18.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, June 15th. TD Securities cut TRANSAT AT from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$11.50 to C$8.50 in a research note on Friday. Finally, National Bank Financial decreased their target price on TRANSAT AT from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, June 15th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$11.00.

Shares of TRZ opened at C$8.25 on Friday. TRANSAT AT has a 1 year low of C$7.02 and a 1 year high of C$11.82.

In related news, Director Cesare Lina De sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of C$8.55, for a total transaction of C$342,000.00.

TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator in the Americas, Europe, and the Middle East. It develops and markets holiday travel services in package and air-only formats; and offers vacation packages, hotel stays, and air travel to 60 destinations in 26 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.

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