TD Securities Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Key Points

• TD Securities raised its price target for Transcontinental (TSE:TCL.A) from C$26.00 to C$27.00, suggesting a potential upside of 31.39% from the stock's previous close.
• Overall, Transcontinental has an average rating of "Moderate Buy", with four analysts giving it a Buy rating and two issuing a Hold rating.
• On Monday, Transcontinental's stock rose by 0.9%, reaching a price of C$20.55, while trading volume was lower than its average.

Transcontinental (TSE:TCL.A - Get Free Report) had its price objective raised by investment analysts at TD Securities from C$26.00 to C$27.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 31.39% from the stock's previous close.

TCL.A has been the subject of a number of other research reports. Cormark dropped their target price on shares of Transcontinental from C$27.00 to C$26.00 in a research report on Monday. Scotiabank lowered shares of Transcontinental from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from C$22.00 to C$23.25 in a research note on Friday, June 6th. Royal Bank Of Canada set a C$25.00 price target on Transcontinental and gave the company an "outperform" rating in a report on Wednesday, September 3rd. National Bankshares upped their price objective on Transcontinental from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, BMO Capital Markets upped their price target on Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Transcontinental has an average rating of "Moderate Buy" and a consensus target price of C$24.18.

Transcontinental Stock Up 0.9%

TSE:TCL.A traded up C$0.18 on Monday, hitting C$20.55. The stock had a trading volume of 68,944 shares, compared to its average volume of 226,817. The firm's fifty day simple moving average is C$20.05 and its two-hundred day simple moving average is C$19.42. 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 1 year low of C$15.97 and a 1 year high of C$22.33. The stock has a market cap of C$1.72 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 6.05 and a beta of 0.79.

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.

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