Transcontinental (TSE:TCL.A) Given New C$7.00 Price Target at National Bank Financial

Transcontinental (TSE:TCL.A) had its target price cut by investment analysts at National Bank Financial from C$8.00 to C$7.00 in a research report issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 43.74% from the company’s previous close.

A number of other research analysts also recently weighed in on TCL.A. Canadian Imperial Bank of Commerce decreased their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada cut their price objective on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, June 8th. BMO Capital Markets decreased their target price on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th. Finally, ATB Cormark Capital Markets lowered their target price on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$9.71.

Transcontinental Stock Down 7.6%

Shares of TSE:TCL.A traded down C$0.40 during midday trading on Thursday, reaching C$4.87. The company had a trading volume of 908,093 shares, compared to its average volume of 623,647. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The business’s 50 day moving average price is C$5.43 and its 200 day moving average price is C$8.01. The stock has a market cap of C$407.22 million, a PE ratio of 1.22, a P/E/G ratio of 6.05 and a beta of 0.48. Transcontinental has a 1-year low of C$4.16 and a 1-year high of C$25.65.

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.