Transcontinental (TSE:TCL.A) Price Target Raised to C$7.00

Transcontinental (TSE:TCL.A – Free Report) had its price objective upped by ATB Cormark Capital Markets from C$6.00 to C$7.00 in a research note released on Friday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. National Bank Financial cut their price objective on Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Thursday. Canadian Imperial Bank of Commerce dropped their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada cut their price target on shares of Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. Finally, BMO Capital Markets reduced their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research report on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$9.86.

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Transcontinental Price Performance

Transcontinental stock opened at C$5.12 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The stock has a market cap of C$428.13 million, a price-to-earnings ratio of 1.29, a P/E/G ratio of 6.05 and a beta of 0.48. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65. The business’s 50-day simple moving average is C$5.40 and its 200 day simple moving average is C$7.75.

About Transcontinental

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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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