Transcontinental Inc. (TSE:TCL.A) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$22.38.
TCL.A has been the subject of several research reports. CIBC cut their price target on Transcontinental from C$23.00 to C$20.00 in a research note on Friday, September 6th. National Bank Financial increased their price objective on Transcontinental from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a report on Friday, September 6th. Royal Bank of Canada dropped their price objective on Transcontinental from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. BMO Capital Markets dropped their price objective on Transcontinental from C$21.00 to C$17.50 and set a “market perform” rating on the stock in a report on Friday, June 7th. Finally, TD Securities increased their price objective on Transcontinental from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, September 6th.
TSE:TCL.A traded up C$0.24 during trading on Friday, reaching C$16.05. The company’s stock had a trading volume of 333,816 shares, compared to its average volume of 140,806. The firm has a market cap of $1.18 billion and a price-to-earnings ratio of 11.62. The company has a debt-to-equity ratio of 85.94, a quick ratio of 1.33 and a current ratio of 2.28. The firm has a 50 day moving average of C$14.84 and a 200-day moving average of C$15.38. Transcontinental has a 12 month low of C$13.11 and a 12 month high of C$24.02.
Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
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