BMO Capital Markets Lowers Transcontinental (TSE:TCL.A) Price Target to C$6.25

Transcontinental (TSE:TCL.A) had its price target lowered by stock analysts at BMO Capital Markets from C$27.00 to C$6.25 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 23.03% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank lifted their target price on Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada increased their price target on Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. TD Securities raised their price objective on Transcontinental from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, National Bank Financial lifted their price objective on shares of Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Transcontinental currently has an average rating of “Moderate Buy” and an average price target of C$20.54.

Transcontinental Stock Up 5.4%

TSE TCL.A traded up C$0.26 during trading hours on Tuesday, hitting C$5.08. The company’s stock had a trading volume of 4,239,353 shares, compared to its average volume of 856,328. Transcontinental has a 52 week low of C$4.16 and a 52 week high of C$25.65. The company has a market capitalization of C$424.78 million, a PE ratio of 2.94, a price-to-earnings-growth ratio of 6.05 and a beta of 0.74. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The company’s 50-day simple moving average is C$22.89 and its two-hundred day simple moving average is C$21.42.

Transcontinental (TSE:TCL.A) last released its quarterly earnings results on Tuesday, March 10th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business had revenue of C$263.50 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. Research analysts anticipate that Transcontinental will post 2.439834 EPS for the current fiscal year.

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.