Transcontinental Inc. (TSE:TCL.A) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$14.38.

A number of analysts have issued reports on TCL.A shares. Royal Bank Of Canada decreased their price target on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Canadian Imperial Bank of Commerce lowered their price objective on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a report on Friday, June 5th. ATB Cormark Capital Markets reduced their price objective on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Finally, BMO Capital Markets lowered their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday, June 5th.

Transcontinental Stock Performance

Shares of TCL.A stock opened at C$5.45 on Wednesday. The firm’s 50 day moving average price is C$5.36 and its 200-day moving average price is C$10.03. Transcontinental has a one year low of C$4.16 and a one year high of C$25.65. The firm has a market cap of C$455.72 million, a P/E ratio of 1.36, a P/E/G ratio of 6.05 and a beta of 0.47. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

Transcontinental (TSE:TCL.A) last issued its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. The company had revenue of C$269.20 million for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. As a group, equities research analysts predict that Transcontinental will post 2.439834 EPS for the current year.

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.