Transcontinental Inc. (TSE:TCL.A) Receives Average Rating of “Moderate Buy” from Analysts

Transcontinental Inc. (TSE:TCL.A) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$22.08.

Several analysts have recently issued reports on the company. Scotiabank boosted their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. Royal Bank of Canada upped their price objective on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. CIBC boosted their target price on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. BMO Capital Markets raised their price target on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Finally, TD Securities set a C$23.00 target price on shares of Transcontinental and gave the company a “buy” rating in a research report on Tuesday.

Transcontinental Stock Performance

Shares of TSE TCL.A traded up C$0.44 during trading hours on Tuesday, reaching C$18.32. 101,275 shares of the stock were exchanged, compared to its average volume of 170,399. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 6.05 and a beta of 0.98. The stock’s fifty day simple moving average is C$17.70 and its 200 day simple moving average is C$16.94. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. Transcontinental has a 52 week low of C$13.14 and a 52 week high of C$18.85.

Transcontinental Company Profile

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.