Transcontinental (TSE:TCL.A) Given New C$19.00 Price Target at CIBC

Transcontinental (TSE:TCL.A) had its price target boosted by analysts at CIBC from C$18.00 to C$19.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 12.16% from the stock’s current price.

A number of other research firms also recently weighed in on TCL.A. Royal Bank of Canada raised their price target on Transcontinental from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. BMO Capital Markets raised their price objective on Transcontinental from C$16.50 to C$18.00 and gave the company a “market perform” rating in a research note on Friday, September 13th. National Bankshares raised their price objective on Transcontinental from C$18.50 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Finally, Cormark raised their price objective on Transcontinental from C$23.00 to C$23.50 in a research note on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$20.50.

Transcontinental Stock Up 1.7 %

TCL.A opened at C$16.94 on Monday. Transcontinental has a fifty-two week low of C$10.11 and a fifty-two week high of C$17.32. The business has a 50-day moving average of C$16.20 and a 200-day moving average of C$14.94. The company has a debt-to-equity ratio of 53.50, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market capitalization of C$1.24 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

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.