Transcontinental (TSE:TCL.A) Price Target Raised to C$26.00

Transcontinental (TSE:TCL.A) had its target price lifted by TD Securities from C$23.00 to C$26.00 in a research note released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on TCL.A. National Bankshares boosted their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada boosted their price objective on Transcontinental from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets boosted their price objective on Transcontinental from C$20.00 to C$23.00 in a report on Friday. Finally, Scotiabank downgraded Transcontinental from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$22.00 to C$23.25 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Transcontinental presently has an average rating of “Moderate Buy” and a consensus price target of C$23.68.

Transcontinental Price Performance

Shares of Transcontinental stock opened at C$21.11 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The company’s 50-day moving average price is C$19.10 and its two-hundred day moving average price is C$18.29. Transcontinental has a 52 week low of C$14.45 and a 52 week high of C$22.33. The stock has a market cap of C$1.51 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.