Transcontinental (TSE:TCL.A – Get Free Report) had its price target lowered by analysts at ATB Cormark Capital Markets from C$7.00 to C$6.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 18.81% from the company’s current price.
Several other equities analysts have also recently weighed in on TCL.A. BMO Capital Markets cut their price target on Transcontinental from C$27.00 to C$6.25 in a report on Tuesday, March 24th. TD Securities cut their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Transcontinental presently has a consensus rating of “Moderate Buy” and an average target price of C$17.00.
Check Out Our Latest Stock Report on Transcontinental
Transcontinental Price Performance
Transcontinental (TSE:TCL.A – Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The business had revenue of C$269.20 million during the quarter. On average, research analysts expect that Transcontinental will post 2.439834 earnings per share for the current fiscal year.
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. 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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