Transcontinental (TSE:TCL.A) Given New C$28.00 Price Target at TD Securities

Transcontinental (TSE:TCL.A) had its target price hoisted by TD Securities from C$27.00 to C$28.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Cormark dropped their target price on Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. Royal Bank Of Canada set a C$26.00 price target on Transcontinental and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.00.

Transcontinental Trading Down 0.2%

TCL.A opened at C$23.61 on Tuesday. 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 has a 12 month low of C$15.97 and a 12 month high of C$25.65. The firm 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.

About Transcontinental

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.