Transcontinental (TSE:TCL.A) PT Set at C$26.00 by Royal Bank Of Canada

Transcontinental (TSE:TCL.A) has been assigned a C$26.00 price objective by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 32.59% from the stock’s current price.

A number of other brokerages also recently issued reports on TCL.A. Cormark lowered their price target on Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. TD Securities upped their price target on Transcontinental from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Transcontinental has a consensus rating of “Moderate Buy” and an average price target of C$24.32.

Transcontinental Trading Down 0.1%

Shares of TSE:TCL.A opened at C$19.61 on Wednesday. The company has a market cap of C$1.64 billion, a P/E ratio of 9.38, a PEG ratio of 6.05 and a beta of 0.76. 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 has a 1 year low of C$15.97 and a 1 year high of C$22.33. The stock’s fifty day moving average price is C$19.73 and its 200-day moving average price is C$19.91.

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.