National Bank Financial Increases Transcontinental (TSE:TCL.A) Price Target to C$16.50

Transcontinental (TSE:TCL.A) had its target price lifted by National Bank Financial from C$16.00 to C$16.50 in a report issued on Sunday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 13.01% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada lowered their price target on Transcontinental from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. TD Securities lifted their price target on Transcontinental from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Canaccord Genuity lowered their price target on Transcontinental from C$21.00 to C$18.00 in a research report on Friday, September 6th. Finally, CIBC lowered their price target on Transcontinental from C$23.00 to C$20.00 in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$22.38.

Shares of Transcontinental stock opened at C$14.60 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.33 and a debt-to-equity ratio of 85.94. The firm has a market capitalization of $1.07 billion and a P/E ratio of 10.57. The business has a fifty day simple moving average of C$15.14 and a two-hundred day simple moving average of C$14.89. Transcontinental has a 12 month low of C$13.11 and a 12 month high of C$22.53.

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.

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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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