Transcontinental Inc. (TSE:TCL.A) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$9.86.

Several equities research analysts have commented on the stock. ATB Cormark Capital Markets boosted their target price on shares of Transcontinental from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada decreased their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. BMO Capital Markets dropped 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 report on Friday, June 5th. Canadian Imperial Bank of Commerce cut their target price on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research report on Friday, June 5th. Finally, National Bank Financial reduced their price target on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Thursday.

Transcontinental Stock Performance

Shares of TCL.A opened at C$5.12 on Friday. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market capitalization of C$428.13 million, a P/E ratio of 1.29, a P/E/G ratio of 6.05 and a beta of 0.48. The company’s fifty day moving average is C$5.40 and its two-hundred day moving average is C$7.86. 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.