National Bankshares Forecasts Strong Price Appreciation for Transcontinental (TSE:TCL.A) Stock

Transcontinental (TSE:TCL.A) had its price target increased by equities researchers at National Bankshares from C$22.00 to C$23.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 14.03% from the company’s previous close.

Separately, TD Securities set a C$23.00 price target on Transcontinental and gave the stock a “buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$22.21.

Transcontinental Stock Down 1.0%

TCL.A opened at C$20.17 on Tuesday. Transcontinental has a fifty-two week low of C$13.21 and a fifty-two week high of C$20.84. The firm has a market capitalization of C$1.44 billion, a P/E ratio of 15.17, a PEG ratio of 6.05 and a beta of 0.98. The company’s 50-day moving average is C$18.24 and its 200 day moving average is C$17.88. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

Transcontinental Company Profile

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.