BMO Capital Markets Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its target price lifted by BMO Capital Markets from C$18.00 to C$20.00 in a research note published on Friday morning,BayStreet.CA reports.

TCL.A has been the topic of several other research reports. Royal Bank of Canada increased their price objective on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday. CIBC boosted their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank raised their target price on shares of Transcontinental from C$19.50 to C$22.00 in a report on Friday. Finally, National Bankshares raised their price target on Transcontinental from C$21.00 to C$23.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Transcontinental has a consensus rating of “Moderate Buy” and a consensus target price of C$21.75.

Transcontinental Price Performance

Transcontinental stock opened at C$18.08 on Friday. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 6.05 and a beta of 0.98. The stock’s 50 day moving average is C$17.37 and its 200-day moving average is C$16.19. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. Transcontinental has a 12 month low of C$11.85 and a 12 month high of C$18.85.

About Transcontinental

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.