Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$22.38.
TCL.A has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on shares of Transcontinental from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. National Bank Financial raised their target price on Transcontinental from C$16.00 to C$16.50 and gave the company a “sector perform” rating in a research note on Sunday. CIBC dropped their price target on Transcontinental from C$23.00 to C$20.00 in a research report on Friday, September 6th. TD Securities upped their price target on Transcontinental from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Canaccord Genuity decreased their price objective on Transcontinental from C$21.00 to C$18.00 in a report on Friday, September 6th.
TSE:TCL.A traded up C$0.06 during trading hours on Friday, hitting C$14.40. The company had a trading volume of 117,677 shares, compared to its average volume of 140,806. The company has a market capitalization of $1.05 billion and a PE ratio of 10.43. The stock has a 50-day moving average price of C$15.12 and a 200 day moving average price of C$14.88. Transcontinental has a 52 week low of C$13.11 and a 52 week high of C$22.53. The company has a debt-to-equity ratio of 85.94, a current ratio of 2.28 and a quick ratio of 1.33.
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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