Transcontinental Inc. (TSE:TCL.A) Receives Average Recommendation of “Moderate Buy” from Brokerages

Transcontinental Inc. (TSE:TCL.A) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$22.21.

A number of equities research analysts have recently weighed in on the stock. TD Securities set a C$23.00 price objective on shares of Transcontinental and gave the stock a “buy” rating in a report on Tuesday, January 21st. CIBC boosted their price target on shares of Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. BMO Capital Markets raised their price objective on Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Royal Bank of Canada increased their target price on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. Finally, Scotiabank raised their price target on Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th.

Transcontinental Price Performance

TCL.A stock opened at C$18.62 on Tuesday. The firm has a 50 day simple moving average of C$17.82 and a two-hundred day simple moving average of C$17.02. The stock has a market cap of C$1.33 billion, a PE ratio of 14.00, a P/E/G ratio of 6.05 and a beta of 0.98. Transcontinental has a one year low of C$13.14 and a one year high of C$18.85. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.