Royal Bank of Canada Lowers Transcontinental (OTCMKTS:TCLAF) Price Target to C$19.00

Transcontinental (OTCMKTS:TCLAF) had its price objective cut by Royal Bank of Canada from C$20.00 to C$19.00 in a research note issued on Friday, FlyOnTheWall reports.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets dropped their price target on Transcontinental from C$17.00 to C$15.00 in a research report on Friday. CIBC upped their target price on Transcontinental from C$17.00 to C$18.00 in a research note on Friday, June 9th.

Transcontinental Stock Up 4.1 %

Shares of OTCMKTS TCLAF opened at $9.35 on Friday. The business has a 50-day moving average of $9.81 and a two-hundred day moving average of $10.30. Transcontinental has a 1 year low of $8.88 and a 1 year high of $13.70.

About Transcontinental

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.