Transcontinental Inc. (TSE:TCL.A) Receives C$23.71 Consensus Price Target from Brokerages

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.

Transcontinental Inc. (TSE:TCL.A - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$23.71.

A number of research analysts recently weighed in on the stock. TD Securities raised their target price on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a report on Friday, June 6th. Scotiabank lowered shares of Transcontinental from an "outperform" rating to a "sector perform" rating and raised their target price for the company from C$22.00 to C$23.25 in a report on Friday, June 6th. Royal Bank Of Canada raised their target price on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a report on Friday, June 6th. BMO Capital Markets raised their price target on Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. Finally, National Bankshares raised 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, June 6th.

Transcontinental Price Performance

Shares of TCL.A stock traded up C$0.15 on Wednesday, reaching C$20.20. The company's stock had a trading volume of 76,093 shares, compared to its average volume of 234,470. The stock's fifty day simple moving average is C$20.19 and its 200-day simple moving average is C$19.23. Transcontinental has a 1 year low of C$15.97 and a 1 year 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. The company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

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.