National Bankshares Issues Positive Forecast for Transat A.T. (TSE:TRZ) Stock Price

Transat A.T. (TSE:TRZ - Get Free Report) had its price objective increased by National Bankshares from C$1.50 to C$1.75 in a report issued on Friday,BayStreet.CA reports. The firm currently has an "underperform" rating on the stock. National Bankshares' target price would indicate a potential downside of 13.37% from the company's current price.

A number of other research analysts have also recently weighed in on the stock. TD Securities dropped their target price on shares of Transat A.T. from C$2.00 to C$1.75 and set a "hold" rating on the stock in a research note on Monday, March 17th. Scotiabank lifted their price target on shares of Transat A.T. from C$1.25 to C$1.75 and gave the stock an "underperform" rating in a report on Friday. Finally, Desjardins reduced their price objective on Transat A.T. from C$2.25 to C$2.00 in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$2.41.

Transat A.T. Stock Performance

Shares of TSE:TRZ traded up C$0.10 during midday trading on Friday, reaching C$2.02. The company had a trading volume of 294,345 shares, compared to its average volume of 40,787. The stock has a market cap of C$80.21 million, a P/E ratio of -0.69, a P/E/G ratio of -0.04 and a beta of 1.50. The company's 50 day moving average price is C$1.58 and its 200 day moving average price is C$1.71. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. Transat A.T. has a 52-week low of C$1.41 and a 52-week high of C$2.92.

Transat A.T. Company Profile

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.

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