Transcontinental Inc. (TSE:TCL.A – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$14.38.
TCL.A has been the subject of several recent research reports. Royal Bank Of Canada lowered their price target on shares of Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. BMO Capital Markets decreased their target price on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a report on Friday, June 5th. Canadian Imperial Bank of Commerce lowered their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a report on Friday, June 5th. Finally, ATB Cormark Capital Markets dropped their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th.
Get Our Latest Stock Report on TCL.A
Transcontinental Price Performance
Transcontinental (TSE:TCL.A – Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The company had revenue of C$269.20 million for the quarter. As a group, equities research analysts expect that Transcontinental will post 2.439834 earnings per share for the current year.
About Transcontinental
Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.
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