TD Securities Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its target price boosted by TD Securities from C$27.00 to C$28.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 18.69% from the stock’s previous close.

TCL.A has been the topic of several other reports. Royal Bank Of Canada set a C$26.00 target price on shares of Transcontinental and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Cormark reduced their target price on shares of Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Transcontinental has a consensus rating of “Moderate Buy” and a consensus target price of C$26.00.

Transcontinental Trading Down 0.3%

TSE TCL.A traded down C$0.07 during trading hours on Tuesday, reaching C$23.59. The company had a trading volume of 609,730 shares, compared to its average volume of 198,184. Transcontinental has a 1-year low of C$15.97 and a 1-year high of C$25.65. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The stock has a 50-day moving average of C$19.74 and a 200 day moving average of C$20.10. The stock has a market capitalization of C$1.97 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 6.05 and a beta of 0.79.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.