Transcontinental (TSE:TCL.A) Price Target Raised to C$28.00

Transcontinental (TSE:TCL.A) had its price objective increased by National Bankshares from C$24.00 to C$28.00 in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also commented on TCL.A. Royal Bank Of Canada set a C$26.00 target price on Transcontinental and gave the company an “outperform” rating in a report on Wednesday, October 29th. BMO Capital Markets increased their price objective on Transcontinental from C$23.00 to C$27.00 in a report on Tuesday. TD Securities boosted their target price on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Tuesday. Cormark lowered their price target on Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. Finally, Scotiabank increased their price target on shares of Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday. Three research 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 an average target price of C$26.00.

Transcontinental Price Performance

TCL.A stock opened at C$23.60 on Tuesday. The business’s fifty day moving average price is C$19.98 and its 200 day moving average price is C$20.17. Transcontinental has a 12-month low of C$15.97 and a 12-month 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 company 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.

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

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.