Transat A.T. (TSE:TRZ) Stock Price Expected to Rise, CIBC Analyst Says

Transat A.T. (TSE:TRZ) had its target price increased by analysts at CIBC from C$2.25 to C$2.60 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. CIBC’s price objective would indicate a potential downside of 9.72% from the company’s current price.

A number of other brokerages have also recently commented on TRZ. Scotiabank upped their target price on shares of Transat A.T. from C$1.75 to C$2.00 and gave the company an “underperform” rating in a report on Friday, June 13th. National Bank Financial raised shares of Transat A.T. from a “strong sell” rating to a “hold” rating in a report on Tuesday. National Bankshares raised shares of Transat A.T. from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$2.25 to C$3.00 in a report on Wednesday. Finally, TD Securities increased their price target on shares of Transat A.T. from C$4.75 to C$5.50 and gave the stock a “buy” rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of C$3.02.

Transat A.T. Price Performance

Shares of TSE:TRZ opened at C$2.88 on Thursday. The company has a 50-day simple moving average of C$2.69 and a 200-day simple moving average of C$2.09. Transat A.T. has a one year low of C$1.41 and a one year high of C$3.00. 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 stock has a market capitalization of C$115.58 million, a price-to-earnings ratio of -0.80, a PEG ratio of -0.04 and a beta of 1.22.

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.