Transcontinental Inc. (TSE:TCL.A) Receives Average Rating of "Moderate Buy" from Analysts

Transcontinental Inc. (TSE:TCL.A - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$22.21.

Several brokerages recently issued reports on TCL.A. Royal Bank of Canada increased their price target on Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a report on Friday. Scotiabank downgraded 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 report on Friday. BMO Capital Markets raised their target price on Transcontinental from C$20.00 to C$23.00 in a report on Friday. National Bankshares boosted their price target on Transcontinental from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, TD Securities upped their price target on Transcontinental from C$23.00 to C$26.00 and gave the stock a "buy" rating in a report on Friday.

Transcontinental Trading Down 3.3%

Shares of Transcontinental stock traded down C$0.72 during trading hours on Friday, hitting C$20.78. The company's stock had a trading volume of 129,901 shares, compared to its average volume of 286,617. The business has a fifty day moving average of C$19.10 and a 200 day moving average of C$18.29. Transcontinental has a 1-year low of C$14.45 and a 1-year high of C$22.33. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The company has a market capitalization of C$1.48 billion, a PE ratio of 15.62, a P/E/G ratio of 6.05 and a beta of 0.98.

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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