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

Shares of Transcontinental Inc. (TSE:TCL.A – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$14.38.

A number of equities analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday. TD Securities decreased their price objective on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. ATB Cormark Capital Markets decreased their price objective on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. BMO Capital Markets decreased their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of 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.

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Read Our Latest Stock Analysis on TCL.A

Transcontinental Stock Performance

Shares of TSE TCL.A opened at C$5.06 on Friday. The stock’s fifty day simple moving average is C$5.35 and its 200 day simple moving average is C$15.79. Transcontinental has a 52-week low of C$4.16 and a 52-week high of C$25.65. 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 capitalization of C$423.11 million, a price-to-earnings ratio of 1.27, a PEG ratio of 6.05 and a beta of 0.48.

Transcontinental (TSE:TCL.A – Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The firm had revenue of C$269.20 million during the quarter. As a group, sell-side analysts forecast that Transcontinental will post 2.439834 earnings per share for the current fiscal year.

Transcontinental Company Profile

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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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