TRANSAT AT Inc (TRZ) Price Target Cut to C$10.50

TRANSAT AT Inc (TSE:TRZ) had its target price reduced by equities research analysts at CIBC from C$11.00 to C$10.50 in a research report issued to clients and investors on Monday. CIBC’s price target would indicate a potential upside of 15.38% from the stock’s previous close.

Several other equities research analysts have also commented on TRZ. Scotiabank boosted their price objective on shares of TRANSAT AT from C$7.00 to C$7.50 and gave the stock a “sector perform” rating in a research note on Friday, June 9th. TD Securities boosted their price objective on shares of TRANSAT AT from C$5.00 to C$7.00 in a research note on Friday, June 9th. Desjardins raised shares of TRANSAT AT from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$7.50 to C$9.00 in a research note on Thursday, July 20th. National Bank Financial dropped their price objective on shares of TRANSAT AT from C$12.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 22nd. Finally, Laurentian raised shares of TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 price objective on the stock in a research note on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$11.07.

Shares of TRANSAT AT (TSE TRZ) opened at 9.10 on Monday. TRANSAT AT has a 12-month low of $5.03 and a 12-month high of $10.44. The firm has a market cap of $336.56 million and a price-to-earnings ratio of 87.50. The company has a 50 day moving average of $8.34 and a 200-day moving average of $6.33.

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TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 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.

Analyst Recommendations for TRANSAT AT (TSE:TRZ)

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