National Bankshares Raises Transat A.T. (TSE:TRZ) Price Target to C$1.75

Transat A.T. (TSE:TRZ - Get Free Report) had its price target raised by stock analysts at National Bankshares from C$1.50 to C$1.75 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an "underperform" rating on the stock. National Bankshares' target price would suggest a potential downside of 21.88% from the stock's current price.

Other analysts also recently issued research reports about the stock. Scotiabank raised their price objective on shares of Transat A.T. from C$1.25 to C$1.75 and gave the stock an "underperform" rating in a research report on Friday. TD Securities reduced their price objective on Transat A.T. from C$2.00 to C$1.75 and set a "hold" rating for the company in a research note on Monday, March 17th. Finally, Desjardins reduced their price objective on Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Transat A.T. currently has an average rating of "Hold" and a consensus price target of C$2.41.

Transat A.T. Trading Up 9.8%

Shares of TRZ stock traded up C$0.20 during trading hours on Friday, hitting C$2.24. 451,448 shares of the company were exchanged, compared to its average volume of 47,618. The firm has a market cap of C$88.95 million, a P/E ratio of -0.77, a P/E/G ratio of -0.04 and a beta of 1.50. Transat A.T. has a fifty-two week low of C$1.41 and a fifty-two week high of C$2.88. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The company has a 50 day simple moving average of C$1.61 and a two-hundred day simple moving average of C$1.72.

About Transat A.T.

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.