Transcontinental (TSE:TCL.A) Price Target Raised to C$23.00

Transcontinental (TSE:TCL.A) had its price objective raised by National Bankshares from C$21.00 to C$23.00 in a research note published on Friday morning,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price target 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 upped their target price on Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Scotiabank raised their target price on Transcontinental from C$19.50 to C$22.00 in a report on Friday. Finally, Royal Bank of Canada boosted their price target on Transcontinental from C$22.00 to C$23.00 in a research report 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$21.75.

Transcontinental Trading Up 0.4 %

TCL.A stock opened at C$18.08 on Friday. The business has a fifty day simple moving average of C$17.38 and a 200-day simple moving average of C$16.22. Transcontinental has a 52 week low of C$11.85 and a 52 week high of C$18.85. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 13.59, a PEG 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.