Transcontinental (TSE:TCL.A) Price Target Raised to C$22.00

Transcontinental (TSE:TCL.A) had its target price boosted by Scotiabank from C$19.50 to C$22.00 in a research note released on Friday morning,BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. BMO Capital Markets boosted their price objective on Transcontinental from C$16.50 to C$18.00 and gave the company a “market perform” rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price target on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. Finally, CIBC increased their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Transcontinental presently has an average rating of “Moderate Buy” and an average target price of C$21.75.

Transcontinental Stock Up 0.4 %

TCL.A opened at C$18.08 on Friday. The firm’s 50 day simple moving average is C$17.38 and its two-hundred day simple moving average is C$16.22. The company has a market capitalization of C$1.29 billion, a PE ratio of 13.59, a PEG 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 company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

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.