BMO Capital Markets Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its target price hoisted by BMO Capital Markets from C$23.00 to C$27.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other equities analysts have also weighed in on TCL.A. Royal Bank Of Canada set a C$26.00 target price on shares of Transcontinental and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cormark dropped their price target on shares of Transcontinental from C$27.00 to C$26.00 in a research report on Monday, September 8th. Finally, TD Securities lifted their price objective on shares of Transcontinental from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Transcontinental presently has an average rating of “Moderate Buy” and a consensus target price of C$26.00.

Transcontinental Stock Down 0.2%

Shares of TCL.A stock opened at C$23.61 on Tuesday. Transcontinental has a twelve month low of C$15.97 and a twelve month high of C$25.65. The stock has a market cap of C$1.97 billion, a P/E ratio of 11.30, a P/E/G ratio of 6.05 and a beta of 0.79. The stock has a 50 day moving average of C$19.82 and a 200 day moving average of C$20.12. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

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.