Transcontinental Inc. (TSE:TCL.A – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$18.90 and last traded at C$18.86, with a volume of 6335 shares traded. The stock had previously closed at C$18.71.
Wall Street Analyst Weigh In
TCL.A has been the subject of several recent research reports. National Bankshares increased their price objective on Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. Royal Bank of Canada increased their price objective on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. CIBC raised their target price on Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. TD Securities set a C$23.00 target price on Transcontinental and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank raised their target price on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Transcontinental has a consensus rating of “Moderate Buy” and a consensus target price of C$22.21.
View Our Latest Research Report on TCL.A
Transcontinental Trading Down 0.5 %
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.
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