Transcontinental (TSE:TCL.A) PT Raised to C$19.00

Transcontinental (TSE:TCL.A) had its price objective increased by research analysts at CIBC from C$18.00 to C$19.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 14.87% from the stock’s current price.

A number of other research firms have also commented on TCL.A. Cormark raised their price objective on shares of Transcontinental from C$23.00 to C$23.50 in a research note on Friday, June 7th. BMO Capital Markets raised their target price on shares of Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a report on Friday. National Bankshares raised their target price on shares of Transcontinental from C$18.50 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Finally, Royal Bank of Canada raised their target price on shares of Transcontinental from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$20.50.

Transcontinental Stock Performance

Shares of TSE:TCL.A traded down C$0.02 during trading hours on Monday, hitting C$16.54. The stock had a trading volume of 150,855 shares, compared to its average volume of 154,860. Transcontinental has a 1-year low of C$10.11 and a 1-year high of C$17.32. The company has a debt-to-equity ratio of 53.50, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 6.05 and a beta of 0.98. The stock’s fifty day simple moving average is C$16.13 and its 200 day simple moving average is C$14.91.

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.