Transcontinental (TSE:TCL.A) Stock Price Expected to Rise, TD Securities Analyst Says

Transcontinental (TSE:TCL.A) had its price objective hoisted by TD Securities from C$23.00 to C$26.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on TCL.A. National Bankshares boosted their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank downgraded shares of Transcontinental from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$22.00 to C$23.25 in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Transcontinental from C$20.00 to C$23.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$23.71.

Transcontinental Stock Down 1.8%

TCL.A stock opened at C$21.11 on Friday. Transcontinental has a 52-week low of C$14.45 and a 52-week high of C$22.33. The company’s 50 day simple moving average is C$19.14 and its 200-day simple moving average is C$18.33. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market capitalization of C$1.51 billion, a P/E ratio of 15.87, a P/E/G ratio of 6.05 and a beta of 0.98.

Transcontinental Company Profile

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.