Transcontinental (TSE:TCL.A) Price Target Raised to C$26.00

Transcontinental (TSE:TCL.A) had its price target boosted by Scotiabank from C$23.25 to C$26.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts have also recently commented on TCL.A. TD Securities increased their target price on shares of Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Tuesday. Cormark decreased their price objective on Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. BMO Capital Markets lifted their target price on Transcontinental from C$23.00 to C$27.00 in a research report on Tuesday. Finally, Royal Bank Of Canada set a C$26.00 target price on Transcontinental and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$26.00.

Transcontinental Stock Down 2.7%

Shares of TSE:TCL.A opened at C$23.60 on Tuesday. 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 cap of C$1.97 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 6.05 and a beta of 0.79. The company has a 50 day moving average of C$19.98 and a 200-day moving average of C$20.17. Transcontinental has a one year low of C$15.97 and a one year high of C$25.65.

Transcontinental (TSE:TCL.A) last issued its earnings results on Thursday, December 11th. The company reported C$0.52 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The company had revenue of C$732.40 million during the quarter. On average, sell-side analysts forecast that Transcontinental will post 2.439834 earnings per share for the current year.

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.