Scotiabank Raises Transat A.T. (OTCMKTS:TRZBF) Price Target to C$5.25

Transat A.T. (OTCMKTS:TRZBF) had its target price hoisted by Scotiabank from C$4.00 to C$5.25 in a research note issued to investors on Friday, The Fly reports. The firm currently has a “sector perform” rating on the stock.

A number of other research analysts have also recently commented on TRZBF. TD Securities upped their price target on Transat A.T. from C$3.00 to C$3.50 and gave the company a “reduce” rating in a research report on Friday. CIBC reduced their price target on Transat A.T. from C$4.00 to C$3.00 and set an “underperform” rating for the company in a research report on Friday, May 28th.

OTCMKTS TRZBF traded up $0.67 during trading hours on Friday, reaching $4.82. 2,208 shares of the company were exchanged, compared to its average volume of 2,365. Transat A.T. has a 1 year low of $2.94 and a 1 year high of $5.02. The firm has a 50 day simple moving average of $3.92.

About Transat A.T.

Transat A.T. Inc operates as an integrated international tourism company in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 countries. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.

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