Transcontinental (TSE:TCL.A) Stock Price Expected to Rise, CIBC Analyst Says

Transcontinental (TSE:TCL.A) had its price objective increased by analysts at CIBC from C$20.00 to C$21.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 18.64% from the company’s current price.

A number of other brokerages have also weighed in on TCL.A. BMO Capital Markets lifted their target price on Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. Scotiabank lifted their target price on Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. Royal Bank of Canada lifted their target price on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Finally, National Bankshares lifted their target price on Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and an average target price of C$22.08.

Transcontinental Price Performance

Shares of TCL.A stock opened at C$17.70 on Monday. Transcontinental has a 52-week low of C$13.10 and a 52-week high of C$18.85. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a market capitalization of C$1.26 billion, a P/E ratio of 13.53, a P/E/G ratio of 6.05 and a beta of 0.98. The stock has a 50 day moving average price of C$17.39 and a 200 day moving average price of C$16.28.

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.