Brokerages Set Transcontinental Inc. (TSE:TCL.A) Target Price at C$22.38

Shares of Transcontinental Inc. (TSE:TCL.A) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$22.38.

Several research firms have issued reports on TCL.A. National Bank Financial upped their price objective on shares of Transcontinental from C$16.00 to C$16.50 and gave the company a “sector perform” rating in a research note on Friday, September 6th. Royal Bank of Canada decreased their price objective on shares of Transcontinental from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Canaccord Genuity decreased their price objective on shares of Transcontinental from C$21.00 to C$18.00 in a research note on Friday, September 6th. CIBC decreased their price objective on shares of Transcontinental from C$23.00 to C$20.00 in a research note on Friday, September 6th. Finally, TD Securities upped their price objective on shares of Transcontinental from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, September 6th.

Shares of TCL.A stock traded up C$0.08 on Thursday, reaching C$15.06. 146,352 shares of the stock were exchanged, compared to its average volume of 140,806. The company has a current ratio of 2.28, a quick ratio of 1.33 and a debt-to-equity ratio of 85.94. The business’s 50 day moving average price is C$14.96 and its 200 day moving average price is C$15.15. The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of 10.91. Transcontinental has a twelve month low of C$13.11 and a twelve month high of C$22.53.

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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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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