Transcontinental (TSE:TCL.A) Given New C$22.00 Price Target at Scotiabank

Transcontinental (TSE:TCL.A) had its price target hoisted by Scotiabank from C$19.50 to C$22.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 21.68% from the company’s previous close.

A number of other research analysts also recently weighed in on TCL.A. BMO Capital Markets increased their price objective on shares of 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. CIBC increased their price target on Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada raised their price target on Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Transcontinental presently has a consensus rating of “Moderate Buy” and an average target price of C$21.75.

Transcontinental Price Performance

TCL.A opened at C$18.08 on Friday. The company’s 50-day simple moving average is C$17.38 and its two-hundred day simple moving average is C$16.22. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 13.59, a P/E/G ratio of 6.05 and a beta of 0.98. Transcontinental has a 52-week low of C$11.85 and a 52-week high of C$18.85.

Transcontinental Company Profile

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.