TRANSAT AT (TRZ) Shares Down 1.5%

TRANSAT AT Inc (TSE:TRZ) was down 1.5% during trading on Wednesday . The company traded as low as C$11.12 and last traded at C$11.31. Approximately 80,351 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 73,618 shares. The stock had previously closed at C$11.48.

A number of equities research analysts have commented on TRZ shares. Desjardins increased their price target on TRANSAT AT from C$14.00 to C$15.00 in a research note on Friday, September 8th. CIBC decreased their price target on TRANSAT AT from C$11.00 to C$10.50 in a research note on Monday, September 11th. TD Securities increased their price target on TRANSAT AT from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, September 8th. National Bank Financial raised their price objective on TRANSAT AT from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Finally, Scotiabank raised their price objective on TRANSAT AT from C$10.00 to C$10.50 and gave the stock a “sector perform” rating in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TRANSAT AT has a consensus rating of “Buy” and an average target price of C$11.93.

The firm has a market cap of $418.57, a P/E ratio of 3.14 and a beta of 0.49.

In other news, Director Jean-Pierre Delisle acquired 4,800 shares of TRANSAT AT stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of C$10.30 per share, for a total transaction of C$49,440.00. Over the last 90 days, insiders bought 6,340 shares of company stock valued at $65,184.

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About TRANSAT AT

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.

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