TD Securities Issues Positive Forecast for Transat A.T. (TSE:TRZ) Stock Price

Transat A.T. (TSE:TRZ - Get Free Report) had its price target upped by equities researchers at TD Securities from C$4.75 to C$5.50 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 116.54% from the company's current price.

Several other brokerages have also commented on TRZ. Scotiabank upped their price target on Transat A.T. from C$1.75 to C$2.00 and gave the company an "underperform" rating in a research note on Friday. Desjardins lowered their price objective on shares of Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. Finally, National Bankshares upped their target price on shares of Transat A.T. from C$1.50 to C$1.75 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Transat A.T. currently has an average rating of "Hold" and an average target price of C$2.61.

Transat A.T. Stock Performance

TSE TRZ traded up C$0.14 on Monday, hitting C$2.54. 354,162 shares of the company's stock traded hands, compared to its average volume of 69,421. Transat A.T. has a 1-year low of C$1.41 and a 1-year high of C$3.00. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The firm has a market capitalization of C$100.86 million, a PE ratio of -0.87, a P/E/G ratio of -0.04 and a beta of 1.50. The firm's 50-day moving average price is C$1.69 and its two-hundred day moving average price is C$1.74.

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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