Transcontinental (TSE:TCL.A) had its price target increased by BMO Capital Markets from C$14.00 to C$15.00 in a research report sent to investors on Friday morning, American Banking & Market News reports. The firm currently has a market perform rating on the stock.
BMO Capital Markets has also taken action a number of other stocks recently. The firm raised its price target on shares of Gildan Activewear from C$53.00 to C$56.00. They have an outperform rating on that stock. Also, BMO Capital Markets lowered its price target on shares of First Majestic Silver from C$17.50 to C$12.00. They have a market perform rating on that stock. Finally, BMO Capital Markets upgraded shares of Enerplus Resources Fund from a market perform rating to an outperform rating.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial downgraded shares of Transcontinental to a sector perform rating in a research note to investors on Monday, December 2nd. They now have a C$16.50 price target on the stock, down previously from C$17.50. Separately, analysts at CIBC reiterated a sector perform rating on shares of Transcontinental in a research note to investors on Friday, November 29th. They now have a C$17.00 price target on the stock, up previously from C$16.50. Finally, analysts at Scotiabank raised their price target on shares of Transcontinental from C$16.00 to C$18.00 in a research note to investors on Wednesday, November 20th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Transcontinental currently has an average rating of Hold and a consensus target price of C$14.10.
Transcontinental Inc is a provider of Web solutions and marketing communications, and consumer magazine publisher.
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