Transcontinental (TSE:TCL.A) Price Target Raised to C$20.00

Transcontinental (TSE:TCL.A) had its price objective hoisted by BMO Capital Markets from C$18.00 to C$20.00 in a research note released on Friday,BayStreet.CA reports.

A number of other research analysts have also commented on the company. CIBC increased their price objective on Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank increased their price target on Transcontinental from C$19.50 to C$22.00 in a report on Friday. Royal Bank of Canada boosted their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. Finally, National Bankshares raised their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently 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 current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The stock has a market capitalization of C$1.29 billion, a PE ratio of 13.59, a P/E/G 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 200 day moving average price of C$16.22.

Transcontinental Company Profile

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.