Transcontinental (TSE:TCL.A) Price Target Increased to C$16.50 by Analysts at BMO Capital Markets

Transcontinental (TSE:TCL.AFree Report) had its price objective hoisted by BMO Capital Markets from C$15.50 to C$16.50 in a report issued on Friday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. CIBC lifted their target price on Transcontinental from C$16.00 to C$17.00 in a report on Friday, March 15th. Scotiabank set a C$19.50 target price on Transcontinental and gave the stock an outperform rating in a report on Tuesday, February 13th. Cormark lifted their target price on Transcontinental from C$23.00 to C$23.50 in a report on Friday. Royal Bank of Canada lifted their target price on Transcontinental from C$20.00 to C$21.00 and gave the stock an outperform rating in a report on Thursday, March 14th. Finally, National Bankshares lifted their target price on Transcontinental from C$18.00 to C$18.50 and gave the stock an outperform rating in a report on Monday, March 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$20.08.

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Transcontinental Price Performance

TSE:TCL.A opened at C$14.69 on Friday. Transcontinental has a 52 week low of C$10.11 and a 52 week high of C$15.23. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 53.48. The business’s 50-day simple moving average is C$13.84 and its two-hundred day simple moving average is C$13.63. The stock has a market cap of C$1.08 billion, a PE ratio of 12.89, a P/E/G ratio of 6.05 and a beta of 1.03.

Transcontinental Company Profile

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Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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