Royal Bank of Canada Raises Transcontinental (TSE:TCL.A) Price Target to C$23.00

Transcontinental (TSE:TCL.A) had its target price lifted by Royal Bank of Canada from C$22.00 to C$23.00 in a report issued on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, National Bank Financial raised shares of Transcontinental from a sector perform rating to an outperform rating and boosted their price target for the stock from C$16.50 to C$17.50 in a research report on Friday, December 13th.

Shares of TSE:TCL.A opened at C$16.22 on Tuesday. The company’s 50-day moving average price is C$16.16 and its two-hundred day moving average price is C$15.32. The company has a debt-to-equity ratio of 81.78, a current ratio of 2.26 and a quick ratio of 1.58. Transcontinental has a one year low of C$12.56 and a one year high of C$21.55. The stock has a market capitalization of $1.18 billion and a PE ratio of 8.54.

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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