Transcontinental Inc. (TSE:TCL.A) Given Average Recommendation of "Moderate Buy" by Brokerages

Transcontinental Inc. (TSE:TCL.A - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$23.71.

Several brokerages recently commented on TCL.A. TD Securities increased their price objective on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Royal Bank Of Canada upped their price target on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. BMO Capital Markets lifted their price objective on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Scotiabank downgraded Transcontinental from an "outperform" rating to a "sector perform" rating and upped their target price for the company from C$22.00 to C$23.25 in a research report on Friday, June 6th. Finally, National Bankshares raised their target price 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.

Transcontinental Stock Performance

TCL.A stock opened at C$20.91 on Tuesday. Transcontinental has a one year low of C$14.84 and a one year high of C$22.33. The firm has a market cap of C$1.49 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a 50-day simple moving average of C$20.34 and a two-hundred day simple moving average of C$18.73.

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.

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