Transcontinental (TSE:TCL.A) Given New C$23.00 Price Target at Royal Bank of Canada

Transcontinental (TSE:TCL.A) had its price target increased by Royal Bank of Canada from C$22.00 to C$23.00 in a research note published on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the company. CIBC boosted their target price on Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their price objective on Transcontinental from C$16.50 to C$18.00 and gave the company a “market perform” rating in a research report on Friday, September 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$20.67.

Transcontinental Stock Performance

Transcontinental stock opened at C$17.53 on Tuesday. The firm has a fifty day simple moving average of C$17.36 and a two-hundred day simple moving average of C$16.16. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a twelve month low of C$11.09 and a twelve month high of C$18.29. The company has a market capitalization of C$1.25 billion, a PE ratio of 13.18, a P/E/G 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.