Transat A.T. (TSE:TRZ) Raised to Buy at TD Securities

Transat A.T. (TSE:TRZ - Get Free Report) was upgraded by analysts at TD Securities from a "hold" rating to a "buy" rating in a report issued on Friday,BayStreet.CA reports. The firm currently has a C$4.75 target price on the stock, up from their prior target price of C$1.75. TD Securities' price target would indicate a potential upside of 135.15% from the stock's current price.

TRZ has been the subject of several other reports. Desjardins decreased their price objective on shares of Transat A.T. from C$2.25 to C$2.00 in a research report on Tuesday, March 18th. National Bankshares upped their price target on shares of Transat A.T. from C$1.50 to C$1.75 and gave the company an "underperform" rating in a research note on Friday. Finally, Scotiabank raised 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. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to 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 Up 5.2%

Transat A.T. stock traded up C$0.10 during midday trading on Friday, reaching C$2.02. The company's stock had a trading volume of 294,345 shares, compared to its average volume of 40,787. 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 stock has a market capitalization of C$80.21 million, a P/E ratio of -0.69, a PEG ratio of -0.04 and a beta of 1.50. The stock's 50-day simple moving average is C$1.58 and its 200-day simple moving average is C$1.71. Transat A.T. has a 52-week low of C$1.41 and a 52-week high of C$2.92.

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.

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