Transcontinental (TSE:TCL.A) Given a C$25.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank of Canada analysts set a C$25.00 price target for Transcontinental (TSE:TCL.A), indicating a potential upside of 23.09% from its previous close.
• Transcontinental has received multiple price target upgrades from various analysts, with the consensus target price now at C$23.71 and an average rating of "Moderate Buy."
• The company's stock recently traded at C$20.31 with a market capitalization of C$1.70 billion and varied performance metrics including a price-to-earnings ratio of 9.49.

Transcontinental (TSE:TCL.A - Get Free Report) received a C$25.00 target price from investment analysts at Royal Bank Of Canada in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 23.09% from the stock's previous close.

TCL.A has been the topic of several other research reports. BMO Capital Markets upped their price target on shares of Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. Scotiabank lowered shares of 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, June 6th. TD Securities raised their price target 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. Finally, National Bankshares boosted their price objective on shares of Transcontinental from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$23.71.

Transcontinental Price Performance

Transcontinental stock traded up C$0.05 on Wednesday, reaching C$20.31. The company's stock had a trading volume of 93,453 shares, compared to its average volume of 228,007. The business's fifty day moving average price is C$20.09 and its 200 day moving average price is C$19.35. 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 company has a market cap of C$1.70 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 6.05 and a beta of 0.75. Transcontinental has a twelve month low of C$15.97 and a twelve month high of C$22.33.

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.

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