Transcontinental Inc. (TSE:TCL.A) Receives C$23.71 Consensus PT from Brokerages

Transcontinental Inc. (TSE:TCL.A) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$23.71.

A number of equities research analysts recently commented on the stock. TD Securities upped their price target on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a “buy” rating in a report on Friday, June 6th. BMO Capital Markets upped their price target on shares of Transcontinental from C$20.00 to C$23.00 in a report on Friday, June 6th. Scotiabank lowered shares of Transcontinental from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$22.00 to C$23.25 in a report on Friday, June 6th. National Bankshares upped their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Finally, Royal Bank Of Canada upped their price target on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, June 6th.

Transcontinental Trading Down 1.8%

Shares of TCL.A opened at C$19.36 on Friday. The firm has a 50 day moving average price of C$20.72 and a 200-day moving average price of C$19.04. Transcontinental has a fifty-two week low of C$15.10 and a fifty-two week high of C$22.33. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 6.05 and a beta of 0.98.

About Transcontinental

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.