Transat A.T. Inc. (TSE:TRZ) experienced a modest increase in its share price, rising by 0.7% during trading on Tuesday. The stock reached a high of C$2.79 before closing at the same price. Trading volume was notably low, with approximately 10,410 shares changing hands, a significant decline of 83% compared to the average daily volume of 61,941 shares. This follows a previous closing price of C$2.77.
Analyst Insights and Ratings
In a separate development, financial services firm Desjardins raised its price target for Transat A.T. from C$3.00 to C$3.30 while maintaining a “hold” rating for the company in a research report dated December 23, 2023. The consensus among analysts regarding the stock is varied; one research analyst has issued a Buy rating, three analysts have designated it as a Hold, and two have rated it as a Sell. According to data from MarketBeat.com, the overall consensus rating for Transat A.T. is “Reduce,” with an average target price set at C$3.33.
About Transat A.T.
Transat A.T. Inc. is a Canadian firm specializing in the organization, marketing, and distribution of holiday travel within the tourism sector. It offers a range of services, including vacation packages, hotel accommodations, and air travel under the well-known brands Transat and Air Transat. The company’s core operations involve tour operators based in Canada, which are integrated with its other services such as air transportation, a comprehensive travel agency network, value-added services at travel destinations, and various accommodation options.
The current stock performance and analyst ratings present a mixed outlook for potential investors. Those considering an investment in Transat A.T. may wish to weigh the recent analyst recommendations against the company’s operational strengths in the travel sector.
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