Transcontinental Inc. (TSE:TCL.A) Receives C$14.38 Consensus Target Price from Brokerages

Shares of Transcontinental Inc. (TSE:TCL.A – Get Free Report) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, 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 target among brokers that have covered the stock in the last year is C$14.38.

TCL.A has been the subject of a number of recent research reports. Royal Bank Of Canada cut 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 report on Monday, June 8th. ATB Cormark Capital Markets cut their price target on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Canadian Imperial Bank of Commerce reduced their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research report on Friday, June 5th. Finally, BMO Capital Markets decreased their price objective on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday, June 5th.

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Transcontinental Price Performance

TSE TCL.A opened at C$5.34 on Friday. The business’s fifty day moving average price is C$5.32 and its 200-day moving average price is C$11.61. The stock has a market capitalization of C$446.53 million, a price-to-earnings ratio of 1.33, a PEG ratio of 6.05 and a beta of 0.44. Transcontinental has a 1-year low of C$4.16 and a 1-year high of C$25.65. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

Transcontinental (TSE:TCL.A – Get Free Report) last announced its earnings results 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 business had revenue of C$269.20 million during the quarter. On average, equities analysts predict that Transcontinental will post 2.439834 earnings per share for the current year.

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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