National Bankshares Increases Transcontinental (TSE:TCL.A) Price Target to C$23.00

Transcontinental (TSE:TCL.A) had its price target lifted by research analysts at National Bankshares from C$22.00 to C$23.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 14.03% from the company’s current price.

Separately, TD Securities set a C$23.00 target price on shares of Transcontinental and gave the stock a “buy” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Stock Down 1.0%

TCL.A stock opened at C$20.17 on Tuesday. Transcontinental has a twelve month low of C$13.21 and a twelve month high of C$20.84. The firm has a market capitalization of C$1.44 billion, a PE ratio of 15.17, a PEG ratio of 6.05 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The stock has a 50-day simple moving average of C$18.24 and a two-hundred day simple moving average of C$17.88.

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.