Transcontinental (TSE:TCL.A) Price Target Raised to C$26.00

Transcontinental (TSE:TCL.A) had its price target boosted by TD Securities from C$23.00 to C$26.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

TCL.A has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on shares of Transcontinental from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets boosted their price target on shares of Transcontinental from C$20.00 to C$23.00 in a research report on Friday. National Bankshares boosted their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Scotiabank downgraded shares of Transcontinental from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$22.00 to C$23.25 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$23.71.

Transcontinental Stock Down 1.8%

TCL.A stock opened at C$21.11 on Friday. Transcontinental has a 52 week low of C$14.45 and a 52 week high of C$22.33. The company has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The firm’s 50-day moving average is C$19.14 and its two-hundred day moving average is C$18.33. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.