Transcontinental (OTCMKTS:TCLAF) PT Lowered to C$23.00

Transcontinental (OTCMKTS:TCLAFGet Rating) had its target price dropped by stock analysts at National Bank Financial from C$24.50 to C$23.00 in a research report issued to clients and investors on Friday, The Fly reports.

Several other research analysts have also issued reports on the company. BMO Capital Markets lowered their target price on Transcontinental from C$24.00 to C$23.00 in a research report on Wednesday, March 9th. Royal Bank of Canada lowered their target price on Transcontinental from C$27.00 to C$26.00 in a research report on Wednesday, March 9th. Finally, Scotiabank lowered their target price on Transcontinental from C$25.00 to C$23.50 in a research report on Wednesday, March 9th.

Shares of TCLAF traded down $1.18 during trading hours on Friday, reaching $12.68. The stock had a trading volume of 1,531 shares, compared to its average volume of 873. Transcontinental has a 12 month low of $12.68 and a 12 month high of $21.77. The company’s 50-day moving average is $14.61 and its two-hundred day moving average is $15.37.

About Transcontinental (Get Rating)

Transcontinental Inc engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

Further Reading

The Fly logo

Receive News & Ratings for Transcontinental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcontinental and related companies with MarketBeat.com's FREE daily email newsletter.