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

Transcontinental (TSE:TCL.A) had its price objective lifted by Royal Bank of Canada from C$22.00 to C$23.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. 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 research note on Friday, September 13th. CIBC increased their price target on shares of Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$20.67.

Transcontinental Trading Up 2.7 %

Shares of Transcontinental stock opened at C$18.00 on Tuesday. 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 company has a market capitalization of C$1.28 billion, a P/E ratio of 13.53, a PEG ratio of 6.05 and a beta of 0.98. Transcontinental has a 1 year low of C$11.42 and a 1 year high of C$18.85. The company’s fifty day moving average is C$17.37 and its two-hundred day moving average is C$16.19.

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.