Transcontinental (TSE:TCL.A) Price Target Raised to C$20.00 at BMO Capital Markets

Transcontinental (TSE:TCL.A) had its price target upped by BMO Capital Markets from C$18.00 to C$20.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on TCL.A. Scotiabank increased their target price on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday. CIBC boosted their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their target price on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Finally, National Bankshares raised their price objective on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Transcontinental has an average rating of “Moderate Buy” and an average target price of C$21.75.

Transcontinental Price Performance

Transcontinental stock opened at C$18.08 on Friday. The business has a 50 day simple moving average of C$17.38 and a 200 day simple moving average of C$16.22. Transcontinental has a one year low of C$11.85 and a one year high of C$18.85. The company has a market capitalization of C$1.29 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.