Transcontinental Inc. (TSE:TCL.A) Stock Has Consensus Target Price of C$9.86

Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$9.86.

Several research firms recently weighed in on TCL.A. ATB Cormark Capital Markets lifted their target price on shares of Transcontinental from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Friday, September 11th. National Bank Financial cut their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Thursday, September 10th.

Transcontinental Price Performance

Transcontinental stock opened at C$5.37 on Thursday. The company’s 50 day simple moving average is C$5.32 and its 200-day simple moving average is C$5.34. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. Transcontinental has a 1 year low of C$4.16 and a 1 year high of C$25.65. The company has a market capitalization of C$449.03 million, a price-to-earnings ratio of 1.35, a price-to-earnings-growth ratio of 6.05 and a beta of 0.33.

Transcontinental Company Profile

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.