Analysts Set Transcontinental Inc. (TSE:TCL.A) PT at C$9.86

Shares of Transcontinental Inc. (TSE:TCL.A) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$9.86.

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Canadian Imperial Bank of Commerce reduced their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a report on Friday, June 5th. ATB Cormark Capital Markets increased their price objective on Transcontinental from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Friday, September 11th. BMO Capital Markets lowered their price target on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research report on Friday, June 5th. Finally, National Bank Financial dropped their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Thursday, September 10th.

Transcontinental Stock Down 0.4%

TSE TCL.A opened at C$5.15 on Friday. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a market capitalization of C$430.64 million, a PE ratio of 1.29, a PEG ratio of 6.05 and a beta of 0.48. Transcontinental has a 1 year low of C$4.16 and a 1 year high of C$25.65. The business’s 50-day moving average is C$5.38 and its 200 day moving average is C$7.24.

About Transcontinental

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.