TRANSAT AT (TSE:TRZ) had its target price lifted by research analysts at Scotiabank from C$10.00 to C$11.00 in a research note issued to investors on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 38.36% from the stock’s previous close.
Several other research firms have also commented on TRZ. National Bank Financial upped their price objective on TRANSAT AT from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. Desjardins lowered their price objective on TRANSAT AT from C$20.00 to C$18.00 in a research report on Friday, March 16th. Beacon Securities lowered TRANSAT AT from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$13.25 to C$10.50 in a research report on Friday, March 16th. TD Securities lowered their price objective on TRANSAT AT from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Friday, March 16th. Finally, CIBC lowered their price objective on TRANSAT AT from C$11.00 to C$10.50 in a research report on Friday, March 16th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TRANSAT AT currently has a consensus rating of “Buy” and a consensus price target of C$12.06.
TRANSAT AT stock opened at C$7.95 on Thursday. TRANSAT AT has a 12 month low of C$5.07 and a 12 month high of C$11.82.
In other news, insider De Solidarité Ftq Fonds sold 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of C$11.00, for a total transaction of C$4,950,000.00. Also, Director Bernard Bussières sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of C$10.90, for a total value of C$119,900.00. Over the last ninety days, insiders have sold 462,125 shares of company stock valued at $5,081,868.
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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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