Transcontinental (TSE:TCL.A) Price Target Raised to C$27.00

Transcontinental (TSE:TCL.A) had its target price raised by BMO Capital Markets from C$23.00 to C$27.00 in a report released on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on TCL.A. Cormark dropped their price target on shares of Transcontinental from C$27.00 to C$26.00 in a research report on Monday, September 8th. TD Securities lifted their target price on shares of Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank Of Canada set a C$26.00 price target on Transcontinental and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$26.00.

Transcontinental Stock Down 2.7%

TCL.A stock opened at C$23.60 on Tuesday. The firm has a market capitalization of C$1.97 billion, a PE ratio of 11.29, a P/E/G ratio of 6.05 and a beta of 0.79. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a twelve month low of C$15.97 and a twelve month high of C$25.65. The stock’s 50 day moving average is C$19.98 and its 200-day moving average is C$20.17.

Transcontinental (TSE:TCL.A) last released its quarterly earnings results on Thursday, December 11th. The company reported C$0.52 EPS for the quarter. The business had revenue of C$732.40 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. Sell-side analysts expect that Transcontinental will post 2.439834 EPS for the current fiscal year.

About Transcontinental

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.