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

Transcontinental Inc. (TSE:TCL.AGet Rating) has earned an average rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$23.79.

A number of analysts recently commented on TCL.A shares. National Bankshares lowered their price objective on Transcontinental from C$24.50 to C$23.00 and set an “outperform” rating for the company in a research report on Friday, April 22nd. CIBC lowered Transcontinental from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$26.00 to C$19.00 in a research report on Thursday, April 21st. BMO Capital Markets set a C$23.00 price target on Transcontinental in a research report on Wednesday, March 9th. Scotiabank lowered their price target on Transcontinental from C$25.00 to C$23.50 in a research report on Wednesday, March 9th. Finally, Cormark decreased their price objective on Transcontinental from C$29.00 to C$24.00 and set a “buy” rating on the stock in a report on Wednesday, March 9th.

TSE:TCL.A opened at C$15.30 on Monday. Transcontinental has a 52 week low of C$14.60 and a 52 week high of C$26.45. The company has a debt-to-equity ratio of 59.46, a quick ratio of 0.89 and a current ratio of 1.60. The stock’s 50 day moving average price is C$16.77 and its 200 day moving average price is C$18.80. The company has a market capitalization of C$1.33 billion and a P/E ratio of 10.97.

About Transcontinental (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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