Transcontinental (TSE:TCL.A) Price Target Raised to C$26.00 at TD Securities

Transcontinental (TSE:TCL.A) had its price target raised by TD Securities from C$23.00 to C$26.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on TCL.A. National Bankshares boosted their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets lifted their price objective on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday. Scotiabank cut shares of Transcontinental from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$22.00 to C$23.25 in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$23.68.

Transcontinental Stock Performance

Shares of TCL.A opened at C$21.11 on Friday. Transcontinental has a 1 year low of C$14.45 and a 1 year high of C$22.33. The company has a market cap of C$1.51 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a fifty day moving average of C$19.10 and a 200-day moving average of C$18.29.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.