Transcontinental Inc. (TCL.A.TO) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is “Moderate Buy”: Five of seven brokerages rate Transcontinental a buy, while two recommend holding the stock. The average 12-month price target is C$9.86.
• Recent analyst views were mixed but constructive: National Bank Financial cut its target from C$8.00 to C$7.00, while ATB Cormark raised its target from C$6.00 to C$7.00; both maintained “outperform” ratings.
• Transcontinental shares opened at C$5.59, well below the 200-day moving average of C$9.58, with a 12-month range of C$4.16 to C$25.65. The company operates in packaging, printing, and related services.

Shares of Transcontinental Inc. (TSE:TCL.A - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are covering the stock, 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$9.86.

TCL.A has been the topic of a number of recent analyst reports. National Bank Financial decreased their target price on shares of Transcontinental from C$8.00 to C$7.00 and set an "outperform" rating on the stock in a research note on Thursday, September 10th. ATB Cormark Capital Markets lifted their price target on shares of Transcontinental from C$6.00 to C$7.00 and gave the company an "outperform" rating in a research report on Friday, September 11th.

Transcontinental Price Performance

Shares of TCL.A opened at C$5.59 on Monday. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65. The business's fifty day moving average is C$5.43 and its 200 day moving average is C$9.58. The stock has a market cap of C$467.43 million, a P/E ratio of 1.40, a P/E/G ratio of 6.05 and a beta of 0.33. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

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.

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