Desjardins Has Lowered Expectations for Transat A.T. (TSE:TRZ) Stock Price

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

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

Transat A.T. Price Performance

Shares of TRZ stock opened at C$1.53 on Tuesday. The stock’s 50-day simple moving average is C$1.77 and its 200-day simple moving average is C$1.81. The firm 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. Transat A.T. has a fifty-two week low of C$1.45 and a fifty-two week high of C$4.12. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81.

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.