Transcontinental (TSE:TCL.A) Given a C$23.00 Price Target at TD Securities

Transcontinental (TSE:TCL.A) has been given a C$23.00 price target by equities researchers at TD Securities in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 24.73% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. National Bankshares lifted their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. Scotiabank upped their target price on Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. Royal Bank of Canada raised their price target on Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. BMO Capital Markets upped their price objective on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Finally, CIBC raised their target price on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$22.21.

Transcontinental Price Performance

TCL.A stock traded up C$0.15 during trading on Thursday, hitting C$18.44. The stock had a trading volume of 35,746 shares, compared to its average volume of 236,842. Transcontinental has a 1-year low of C$13.14 and a 1-year high of C$18.85. The stock has a market cap of C$1.32 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company’s 50 day moving average price is C$17.90 and its two-hundred day moving average price is C$17.10. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

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.