TRANSAT AT (TRZ) Price Target Lowered to C$11.00 at Laurentian
TRANSAT AT (TSE:TRZ) had its price target reduced by research analysts at Laurentian from C$12.50 to C$11.00 in a research note issued to investors on Friday, September 14th. Laurentian’s price target indicates a potential upside of 54.71% from the stock’s current price.
A number of other research firms have also recently issued reports on TRZ. Cormark upped their price objective on TRANSAT AT from C$13.00 to C$14.00 in a report on Tuesday, July 10th. TD Securities cut TRANSAT AT from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$11.50 to C$8.50 in a report on Friday, September 14th. National Bank Financial lowered their target price on TRANSAT AT from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, June 15th. Desjardins lowered their target price on TRANSAT AT from C$18.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, June 15th. Finally, CIBC lowered their target price on TRANSAT AT from C$10.50 to C$10.00 in a research note on Friday, June 15th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$11.00.
TRANSAT AT stock opened at C$7.11 on Friday. TRANSAT AT has a 52 week low of C$7.02 and a 52 week high of C$11.82.
In other news, Director Cesare Lina De sold 40,000 shares of the business’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of C$8.55, for a total value of C$342,000.00.
About TRANSAT AT
Transat A.T. Inc operates as an integrated tour operator in the Americas, Europe, and the Middle East. It develops and markets holiday travel services in package and air-only formats; and offers vacation packages, hotel stays, and air travel to 60 destinations in 26 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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