Transcontinental (TSE:TCL.A) Given New C$8.00 Price Target at TD Securities

Transcontinental (TSE:TCL.A) had its price target decreased by TD Securities from C$28.00 to C$8.00 in a research note released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms have also commented on TCL.A. BMO Capital Markets lowered their target price on Transcontinental from C$27.00 to C$6.25 in a report on Tuesday. Royal Bank Of Canada raised their price target on Transcontinental from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Scotiabank upped their price objective on Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 9th. Finally, National Bank Financial increased their target price on Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$20.54.

Transcontinental Trading Up 3.1%

TSE TCL.A opened at C$4.97 on Tuesday. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. Transcontinental has a one year low of C$4.16 and a one year high of C$25.65. The company has a 50-day simple moving average of C$22.53 and a 200-day simple moving average of C$21.32. The firm has a market capitalization of C$415.59 million, a PE ratio of 2.87, a price-to-earnings-growth ratio of 6.05 and a beta of 0.74.

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

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. 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.