Transat A.T. (TSE:TRZ) Price Target Raised to C$1.75 at Scotiabank

Transat A.T. (TSE:TRZ - Free Report) had its price objective upped by Scotiabank from C$1.25 to C$1.75 in a report published on Friday,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

A number of other brokerages have also issued reports on TRZ. National Bankshares set a C$1.50 target price on shares of Transat A.T. and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. Desjardins dropped their price target on Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. Finally, TD Securities dropped their price target 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. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$2.41.

Transat A.T. Stock Performance

Transat A.T. stock traded up C$0.20 during midday trading on Friday, hitting C$2.24. The company's stock had a trading volume of 451,448 shares, compared to its average volume of 47,618. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market cap of C$88.95 million, a price-to-earnings ratio of -0.77, a PEG ratio of -0.04 and a beta of 1.50. Transat A.T. has a 1-year low of C$1.41 and a 1-year high of C$2.88. The company has a 50-day moving average price of C$1.61 and a two-hundred day moving average price 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.