Transcontinental (TSE:TCL.A) Given New C$6.25 Price Target at BMO Capital Markets

Transcontinental (TSE:TCL.A) had its target price cut by BMO Capital Markets from C$27.00 to C$6.25 in a research report sent to investors on Tuesday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on TCL.A. Scotiabank lifted their target price on Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, December 9th. Royal Bank Of Canada raised their price objective on Transcontinental from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. National Bank Financial lifted their price objective on Transcontinental from C$24.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Finally, TD Securities boosted their target price on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$20.54.

Transcontinental Stock Performance

TSE:TCL.A opened at C$4.97 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The company has a market cap of C$415.59 million, a P/E ratio of 2.87, a P/E/G ratio of 6.05 and a beta of 0.74. Transcontinental has a fifty-two week low of C$4.16 and a fifty-two week high of C$25.65. The firm’s 50 day moving average is C$22.53 and its two-hundred day moving average is C$21.32.

Transcontinental (TSE:TCL.A) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company 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%. Analysts expect that Transcontinental will post 2.439834 EPS for the current 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.