Transat A.T. (TSE:TRZ) Price Target Raised to C$5.50

Transat A.T. (TSE:TRZ) had its target price upped by stock analysts at TD Securities from C$4.75 to C$5.50 in a research note 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 previous close.

TRZ has been the subject of a number of other research reports. Desjardins lowered their price objective on Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. National Bankshares increased their price objective 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, June 6th. Finally, Scotiabank boosted their target price on shares of Transat A.T. from C$1.75 to C$2.00 and gave the stock an “underperform” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Transat A.T. has an average rating of “Hold” and a consensus price target of C$2.61.

Transat A.T. Stock Up 5.8%

Shares of TRZ traded up C$0.14 during midday trading on Monday, reaching C$2.54. 354,162 shares of the company were exchanged, compared to its average volume of 69,421. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. 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 market cap of C$100.86 million, a price-to-earnings ratio of -0.87, a P/E/G ratio of -0.04 and a beta of 1.50. The stock has a 50-day moving average price of C$1.69 and a 200-day moving average price of C$1.74.

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.