Analysts Set Transcontinental Inc. (TSE:TCL.A) Price Target at C$14.38

Shares of Transcontinental Inc. (TSE:TCL.A) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$14.38.

A number of research firms have recently commented on TCL.A. Royal Bank Of Canada lowered their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce decreased their price target on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday, June 5th. ATB Cormark Capital Markets lowered their price objective on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Finally, BMO Capital Markets dropped their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th.

Transcontinental Trading Up 0.4%

Shares of TCL.A stock opened at C$5.37 on Friday. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The stock’s 50-day moving average price is C$5.32 and its 200-day moving average price is C$12.02. The stock has a market capitalization of C$449.03 million, a price-to-earnings ratio of 1.34, a price-to-earnings-growth ratio of 6.05 and a beta of 0.44.

Transcontinental (TSE:TCL.A) last announced its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The company had revenue of C$269.20 million during the quarter. Equities research analysts predict that Transcontinental will post 2.439834 EPS 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.