TRANSAT AT (TRZ) Shares Down 1.5%

TRANSAT AT Inc (TSE:TRZ)’s share price was down 1.5% during mid-day trading on Wednesday . The stock traded as low as C$11.12 and last traded at C$11.31. Approximately 80,351 shares traded hands during trading, an increase of 9% from the average daily volume of 73,618 shares. The stock had previously closed at C$11.48.

Several equities analysts have recently issued reports on TRZ shares. Desjardins boosted their target price on TRANSAT AT from C$14.00 to C$15.00 in a research note on Friday, September 8th. CIBC reduced their price target on TRANSAT AT from C$11.00 to C$10.50 in a research note on Monday, September 11th. TD Securities upped their price target on TRANSAT AT from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Friday, September 8th. National Bank Financial upped their price target on TRANSAT AT from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Finally, Scotiabank upped their price target on TRANSAT AT from C$10.00 to C$10.50 and gave the stock a “sector perform” rating in a research note on Friday, December 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$11.93.

The stock has a market cap of $419.32, a P/E ratio of 3.15 and a beta of 0.49.

In other news, Director Jean-Pierre Delisle purchased 4,800 shares of TRANSAT AT stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average cost of C$10.30 per share, with a total value of C$49,440.00. Over the last ninety days, insiders purchased 6,340 shares of company stock worth $65,184.

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TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 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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