BMO Capital Markets Increases Transcontinental (TSE:TCL.A) Price Target to C$18.00

Transcontinental (TSE:TCL.A) had its price target increased by equities research analysts at BMO Capital Markets from C$16.50 to C$18.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock.

Several other equities research analysts have also recently commented on the company. CIBC lifted their target price on Transcontinental from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Cormark boosted their price objective on Transcontinental from C$23.00 to C$23.50 in a report on Friday, June 7th. Royal Bank of Canada raised their target price on shares of Transcontinental from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Finally, National Bankshares raised their price objective on shares of Transcontinental from C$18.50 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. One equities 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$20.33.

Transcontinental Stock Performance

Transcontinental has a fifty-two week low of C$10.11 and a fifty-two week high of C$17.32. The business’s fifty day moving average price is C$16.13 and its 200 day moving average price is C$14.91. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 53.50. The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

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.