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

Key Points

• Transcontinental Inc. (TSE:TCL.A) has received a consensus rating of "Moderate Buy", with two hold recommendations and four buy recommendations from analysts.
• The average one-year price objective for Transcontinental's stock is C$23.71, influenced by recent upgrades from several analysts.
• Transcontinental operates in three segments: packaging, printing, and other, with a market capitalization of C$1.42 billion and a current stock price of C$19.87.

Shares of Transcontinental Inc. (TSE:TCL.A - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$23.71.

TCL.A has been the subject of several research reports. Scotiabank cut shares of Transcontinental from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from C$22.00 to C$23.25 in a research note on Friday, June 6th. National Bankshares upped their price objective on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. BMO Capital Markets increased their price target on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Royal Bank Of Canada increased 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. Finally, TD Securities increased their price target on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a research note on Friday, June 6th.

Transcontinental Price Performance

Shares of Transcontinental stock traded up C$0.15 during trading hours on Wednesday, reaching C$20.20. The stock had a trading volume of 76,093 shares, compared to its average volume of 234,470. The stock's 50 day moving average is C$20.19 and its 200 day moving average is C$19.21. The firm has a market capitalization of C$1.44 billion, a PE ratio of 15.19, a PEG ratio of 6.05 and a beta of 0.98. Transcontinental has a twelve month low of C$15.97 and a twelve month high of C$22.33. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

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.