Transcontinental Inc. Class A (TSE:TCL.A) had its target price cut by analysts at Canaccord Genuity from C$29.00 to C$28.00 in a note issued to investors on Friday. Canaccord Genuity’s price target indicates a potential upside of 3.51% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada raised their target price on Transcontinental Inc. Class A from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, June 7th. Cormark raised their target price on Transcontinental Inc. Class A from C$32.00 to C$34.50 in a research report on Friday, June 8th. Scotiabank raised their target price on Transcontinental Inc. Class A from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Friday, June 8th. TD Securities raised their target price on Transcontinental Inc. Class A from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Friday, June 8th. Finally, National Bank Financial decreased their target price on Transcontinental Inc. Class A from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Friday.

Shares of Transcontinental Inc. Class A stock opened at C$27.05 on Friday. Transcontinental Inc. Class A has a 1 year low of C$23.27 and a 1 year high of C$31.95.

About Transcontinental Inc. Class A

Transcontinental Inc is a Canada-based printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States.

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