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

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

Other equities research analysts also recently issued research reports about the company. National Bankshares set a C$1.50 price target on Transat A.T. and gave the stock an “underperform” rating in a research report on Wednesday, May 28th. TD Securities reduced their price target on Transat A.T. from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research report on Monday, March 17th. Finally, Desjardins reduced their price target on Transat A.T. from C$2.25 to C$2.00 in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$2.41.

Transat A.T. Stock Performance

TRZ opened at C$2.04 on Friday. Transat A.T. has a 52-week low of C$1.41 and a 52-week high of C$2.92. The firm has a market capitalization of C$81.01 million, a PE ratio of -0.70, a PEG ratio of -0.04 and a beta of 1.50. 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 business’s 50-day simple moving average is C$1.60 and its 200 day simple moving average is 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.