Transat A.T. (TSE:TRZ) Given New C$3.00 Price Target at Desjardins

Transat A.T. (TSE:TRZ) had its target price cut by Desjardins from C$3.25 to C$3.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on TRZ. TD Securities boosted their target price on Transat A.T. from C$4.75 to C$5.50 and gave the company a “buy” rating in a research note on Monday, June 16th. National Bankshares upgraded Transat A.T. from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$2.25 to C$3.00 in a research report on Wednesday, September 3rd. Scotiabank lifted their price target on Transat A.T. from C$1.75 to C$2.00 and gave the company an “underperform” rating in a research report on Friday, June 13th. CIBC lifted their price target on Transat A.T. from C$2.25 to C$2.60 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Finally, National Bank Financial upgraded Transat A.T. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of C$3.27.

Transat A.T. Stock Performance

Shares of TRZ opened at C$2.75 on Friday. The firm has a market cap of C$110.36 million, a PE ratio of -0.76, a PEG ratio of -0.04 and a beta of 1.22. The stock’s fifty day moving average price is C$2.72 and its two-hundred day moving average price is C$2.14. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76. Transat A.T. has a 1 year low of C$1.41 and a 1 year high of C$3.25.

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.