CIBC Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its target price hoisted by analysts at CIBC from C$20.00 to C$21.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 18.64% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on TCL.A. Scotiabank upped their price target on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. Royal Bank of Canada upped their price target on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. National Bankshares upped their price target on Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. Finally, BMO Capital Markets upped their price target on Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Transcontinental presently has an average rating of “Moderate Buy” and an average price target of C$22.08.

Transcontinental Stock Performance

TSE TCL.A opened at C$17.70 on Monday. The stock has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 6.05 and a beta of 0.98. Transcontinental has a twelve month low of C$13.10 and a twelve month high of C$18.85. 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 50-day moving average of C$17.39 and a 200 day moving average of C$16.28.

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.