Transcontinental Inc. (TSE:TCL.A) Receives Consensus Rating of “Buy” from Analysts

Shares of Transcontinental Inc. (TSE:TCL.AGet Rating) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$23.79.

A number of equities analysts have recently issued reports on TCL.A shares. CIBC lowered shares of Transcontinental from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$26.00 to C$19.00 in a research report on Thursday, April 21st. Cormark reduced their target price on shares of Transcontinental from C$29.00 to C$24.00 and set a “buy” rating on the stock in a research report on Wednesday, March 9th. Royal Bank of Canada reduced their target price on shares of Transcontinental from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 9th. Scotiabank cut their price objective on shares of Transcontinental from C$25.00 to C$23.50 in a report on Wednesday, March 9th. Finally, National Bankshares cut their price objective on shares of Transcontinental from C$24.50 to C$23.00 and set an “outperform” rating on the stock in a report on Friday, April 22nd.

TSE:TCL.A opened at C$16.03 on Thursday. Transcontinental has a 12 month low of C$15.71 and a 12 month high of C$26.45. The company’s 50-day moving average price is C$18.14 and its two-hundred day moving average price is C$19.30. The firm has a market cap of C$1.39 billion and a PE ratio of 11.49. The company has a quick ratio of 0.89, a current ratio of 1.60 and a debt-to-equity ratio of 59.46.

Transcontinental Company Profile (Get Rating)

Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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