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

Transcontinental (TSE:TCL.A) had its price target trimmed by Cormark from C$27.00 to C$26.00 in a report released on Monday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Scotiabank lowered Transcontinental from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$22.00 to C$23.25 in a research note on Friday, June 6th. BMO Capital Markets upped their price objective on Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Royal Bank Of Canada set a C$25.00 price objective on Transcontinental and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. TD Securities upped their price objective on Transcontinental from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Finally, National Bankshares upped their price objective on Transcontinental from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Transcontinental has an average rating of “Moderate Buy” and an average target price of C$24.18.

Transcontinental Trading Down 1.2%

TCL.A stock opened at C$19.92 on Monday. Transcontinental has a 1-year low of C$15.97 and a 1-year high of C$22.33. The firm has a market cap of C$1.67 billion, a P/E ratio of 9.31, a P/E/G ratio of 6.05 and a beta of 0.79. The business’s 50 day moving average is C$20.02 and its 200-day moving average is C$19.45. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

Transcontinental Company Profile

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.