Transat A.T. (TSE:TRZ) Stock Price Down 7.1%

Transat A.T. Inc. (TSE:TRZ) traded down 7.1% on Thursday . The company traded as low as C$1.79 and last traded at C$1.82. 57,157 shares were traded during trading, an increase of 8% from the average session volume of 52,996 shares. The stock had previously closed at C$1.96.

Analyst Ratings Changes

Several research firms recently issued reports on TRZ. TD Securities dropped their target price on shares of Transat A.T. from C$3.75 to C$3.00 and set a “hold” rating on the stock in a report on Friday, June 7th. CIBC cut their target price on Transat A.T. from C$2.70 to C$2.30 and set an “underperform” rating on the stock in a research report on Monday, June 10th. Finally, Scotiabank lowered their target price on Transat A.T. from C$2.50 to C$2.25 and set an “underperform” rating for the company in a report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, Transat A.T. has an average rating of “Reduce” and a consensus price target of C$2.56.

Transat A.T. Stock Down 8.2 %

The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The stock’s 50-day moving average price is C$2.09 and its 200-day moving average price is C$2.93. The company has a market cap of C$69.89 million, a P/E ratio of -1.30, a PEG ratio of -0.04 and a beta of 1.50.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.