Transcontinental (OTCMKTS:TCLAF) had its price target increased by CIBC from C$25.00 to C$26.00 in a research report released on Thursday morning, The Fly reports. The firm currently has an outperform rating on the stock.
A number of other research analysts have also weighed in on TCLAF. Royal Bank of Canada boosted their target price on Transcontinental from C$25.00 to C$26.00 and gave the stock an outperform rating in a report on Wednesday. Scotiabank boosted their target price on Transcontinental from C$24.00 to C$25.00 and gave the stock a sector perform rating in a report on Thursday. Finally, Canaccord Genuity boosted their target price on Transcontinental from $23.00 to $24.00 and gave the stock a buy rating in a report on Friday, February 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Transcontinental presently has an average rating of Buy and an average price target of $24.83.
TCLAF stock opened at $21.34 on Thursday. Transcontinental has a 1-year low of $9.97 and a 1-year high of $21.77. The business’s 50 day simple moving average is $18.90.
Transcontinental Inc engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
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