Transcontinental (TSE:TCL.A) Price Target Raised to C$23.00

Transcontinental (TSE:TCL.A) had its price objective boosted by National Bankshares from C$21.00 to C$23.00 in a research note released on Friday morning,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on TCL.A. CIBC boosted their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their target price on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. Scotiabank raised their price target on Transcontinental from C$19.50 to C$22.00 in a report on Friday. Finally, BMO Capital Markets upped their price objective on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$21.75.

Transcontinental Stock Up 0.4 %

TCL.A stock opened at C$18.08 on Friday. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 13.59, a PEG 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 firm has a fifty day moving average price of C$17.38 and a two-hundred day moving average price of C$16.22. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.