RBC Capital lowered shares of Transcontinental (TSE:TCL.A) from an outperform rating to a sector perform rating in a research report released on Thursday morning, Analyst Ratings News reports. RBC Capital currently has C$17.00 price objective on the stock, up from their previous price objective of C$16.00.
RBC Capital has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of Silver Standard Resources from $9.00 to $8.50. Also, RBC Capital raised its price target on shares of CGI Group from $40.00 to $45.00. They have an outperform rating on that stock. Finally, RBC Capital lowered its price target on shares of MarkWest Energy Partners from $78.00 to $76.00. They have an outperform rating on that stock.
A number of other analysts have also recently weighed in on TCL.A. Analysts at CIBC downgraded shares of Transcontinental from an outperform rating to a sector perform rating in a research note to investors on Tuesday, October 22nd. They now have a C$16.50 price target on the stock, up previously from C$15.50. Separately, analysts at National Bank Financial raised their price target on shares of Transcontinental from C$16.00 to C$17.50 in a research note to investors on Friday, October 18th. Finally, analysts at Scotiabank reiterated a sector perform rating on shares of Transcontinental in a research note to investors on Friday, September 13th. They now have a C$16.00 price target on the stock, up previously from C$14.00. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$14.76.
Transcontinental Inc is a provider of Web solutions and marketing communications, and consumer magazine publisher.
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