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

Transcontinental (TSE:TCL.A) had its price objective reduced by Cormark from C$27.00 to C$26.00 in a research note issued to investors on Monday,BayStreet.CA reports. Cormark’s target price suggests a potential upside of 28.90% from the stock’s current price.

A number of other research firms have also recently issued reports on TCL.A. TD Securities upped their price objective on shares of Transcontinental from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. National Bankshares raised their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. BMO Capital Markets raised their price target on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Royal Bank Of Canada set a C$25.00 price target on shares of Transcontinental and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Scotiabank downgraded shares of Transcontinental from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$22.00 to C$23.25 in a research note on Friday, June 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$24.18.

Transcontinental Price Performance

TCL.A stock opened at C$20.17 on Monday. The company has a 50 day simple moving average of C$20.03 and a 200 day simple moving average of C$19.45. The stock has a market cap of C$1.69 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 6.05 and a beta of 0.79. Transcontinental has a 1 year low of C$15.97 and a 1 year high of C$22.33. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.