Transcontinental Inc. (TSE:TCL.A) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$9.86.

Several brokerages recently weighed in on TCL.A. 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. ATB Cormark Capital Markets upped their price objective on shares of Transcontinental from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Friday, September 11th. Canadian Imperial Bank of Commerce cut their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research report on Friday, June 5th. BMO Capital Markets reduced their target price on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th. Finally, National Bank Financial lowered their target price on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Thursday, September 10th.

Transcontinental Trading Up 0.8%

Shares of TCL.A stock opened at C$5.19 on Friday. The company has a market capitalization of C$433.98 million, a P/E ratio of 1.30, a price-to-earnings-growth ratio of 6.05 and a beta of 0.48. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The business’s 50 day moving average is C$5.37 and its two-hundred day moving average is C$7.23. Transcontinental has a twelve month low of C$4.16 and a twelve month high of C$25.65.

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.