CIBC Increases Transcontinental (TSE:TCL.A) Price Target to C$19.00

Transcontinental (TSE:TCL.A) had its target price raised by CIBC from C$18.00 to C$19.00 in a report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the stock. National Bankshares lifted their target price on shares of Transcontinental from C$18.50 to C$21.00 and gave the stock an outperform rating in a research note on Friday, June 7th. BMO Capital Markets boosted their price objective on shares of Transcontinental from C$16.50 to C$18.00 and gave the company a market perform rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price objective on shares of Transcontinental from C$21.00 to C$22.00 and gave the company an outperform rating in a research report on Friday, June 7th. Finally, Cormark boosted their price objective on shares of Transcontinental from C$23.00 to C$23.50 in a research report on Friday, June 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Transcontinental has an average rating of Moderate Buy and a consensus target price of C$20.50.

Transcontinental Trading Up 0.5 %

Shares of TCL.A opened at C$16.71 on Monday. 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 fifty-two week low of C$10.11 and a fifty-two week high of C$17.32. The firm has a 50 day moving average price of C$16.25 and a 200-day moving average price of C$14.97. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 6.05 and a beta of 0.98.

About Transcontinental

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.