TD Securities set a C$23.00 price target on Transcontinental (TSE:TCL.A - Free Report) in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages also recently commented on TCL.A. National Bankshares increased their price target on Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. Royal Bank of Canada increased their target price on shares of Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. BMO Capital Markets lifted their price target on shares of Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Scotiabank increased their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. Finally, CIBC lifted their target price on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Transcontinental currently has a consensus rating of "Moderate Buy" and an average price target of C$22.21.
Read Our Latest Stock Report on TCL.A
Transcontinental Trading Down 2.8 %
TSE:TCL.A traded down C$0.51 during trading hours on Thursday, reaching C$17.77. 349,526 shares of the company were exchanged, compared to its average volume of 236,847. Transcontinental has a 52-week low of C$13.14 and a 52-week high of C$18.85. The stock has a 50 day simple moving average of C$17.97 and a 200 day simple moving average of C$17.15. The firm has a market cap of C$1.27 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.
Transcontinental Company Profile
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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.
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