Transcontinental (TSE:TCL.A) Rating Lowered to Sector Perform at National Bankshares

Transcontinental (TSE:TCL.A – Get Rating) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. They currently have a C$16.00 price target on the stock, down from their prior price target of C$19.00. National Bankshares’ price target would indicate a potential upside of 23.65% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reduced their price target on Transcontinental from C$23.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Thursday. BMO Capital Markets cut their target price on Transcontinental from C$20.00 to C$17.00 in a research report on Thursday. Finally, Cormark upped their target price on Transcontinental to C$25.00 in a research report on Wednesday, December 14th.

Transcontinental Trading Up 1.4 %

TSE TCL.A opened at C$12.94 on Thursday. The business’s 50-day moving average price is C$15.16 and its two-hundred day moving average price is C$15.82. Transcontinental has a 12 month low of C$12.53 and a 12 month high of C$18.58. The firm has a market capitalization of C$940.87 million, a PE ratio of 9.05, a price-to-earnings-growth ratio of 6.05 and a beta of 0.90. The company has a current ratio of 2.35, a quick ratio of 1.09 and a debt-to-equity ratio of 65.69.

About Transcontinental

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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.