Transcontinental (TSE:TCL.A) Price Target Raised to C$22.00 at Scotiabank

Transcontinental (TSE:TCL.A) had its price objective lifted by Scotiabank from C$19.50 to C$22.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on TCL.A. Royal Bank of Canada raised their target price on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. CIBC increased their price target on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, BMO Capital Markets raised their price objective on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.75.

Transcontinental Trading Up 0.4 %

Shares of TSE:TCL.A opened at C$18.08 on Friday. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. Transcontinental has a 1 year low of C$11.85 and a 1 year high of C$18.85. The business’s 50 day moving average price is C$17.38 and its 200-day moving average price is C$16.22.

About Transcontinental

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.