Transcontinental (TSE:TCL.A) Price Target Cut to C$7.00 by Analysts at ATB Cormark Capital Markets

Transcontinental (TSE:TCL.A) had its price objective decreased by ATB Cormark Capital Markets from C$27.00 to C$7.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on TCL.A. National Bank Financial raised their target price on shares of Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. TD Securities reduced their target price on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Scotiabank raised their target price on shares of Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 9th. BMO Capital Markets decreased their price target on Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada increased their price target on Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$18.61.

Transcontinental Trading Down 1.3%

Shares of TCL.A stock opened at C$5.45 on Tuesday. The stock has a 50-day simple moving average of C$19.00 and a 200 day simple moving average of C$20.29. Transcontinental has a fifty-two week low of C$4.16 and a fifty-two week high of C$25.65. The stock has a market capitalization of C$455.72 million, a P/E ratio of 3.15, a P/E/G ratio of 6.05 and a beta of 0.46. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

Transcontinental (TSE:TCL.A) last issued its earnings results on Tuesday, March 10th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$263.50 million during the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. On average, sell-side analysts expect that Transcontinental will post 2.439834 earnings per share for the current fiscal year.

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.