Transcontinental Inc. (TSE:TCL.A - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$23.71.
A number of equities analysts have recently issued reports on TCL.A shares. BMO Capital Markets raised their target price on shares of Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. TD Securities upped 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 note on Friday, June 6th. Scotiabank cut Transcontinental from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from C$22.00 to C$23.25 in a report on Friday, June 6th. Royal Bank Of Canada increased their target price on 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, National Bankshares increased their target price 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.
Read Our Latest Stock Analysis on TCL.A
Transcontinental Trading Down 0.3%
TCL.A traded down C$0.06 on Friday, reaching C$19.70. 20,289 shares of the company traded hands, compared to its average volume of 251,950. The firm has a fifty day simple moving average of C$20.77 and a two-hundred day simple moving average of C$19.04. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a one year low of C$15.10 and a one year high of C$22.33. The company has a market cap of C$1.41 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.
About Transcontinental
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Get Free ReportTranscontinental, 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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