Transcontinental (TSE:TCL.A) Price Target Raised to C$23.00

Transcontinental (TSE:TCL.A) had its price objective lifted by equities researchers at Royal Bank of Canada from C$22.00 to C$23.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 31.20% from the company’s previous close.

Other research analysts have also issued reports about the company. CIBC upped their price target on Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. BMO Capital Markets increased their price target on shares of Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$20.67.

Transcontinental Stock Performance

TSE TCL.A opened at C$17.53 on Tuesday. The firm’s 50 day moving average price is C$17.37 and its two-hundred day moving average price is C$16.18. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. Transcontinental has a twelve month low of C$11.09 and a twelve month high of C$18.29. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 6.05 and a beta of 0.98.

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.