Transcontinental (TSE:TCL.A) Given New C$26.00 Price Target at Cormark

Key Points

• Cormark has lowered its price target for Transcontinental from C$27.00 to C$26.00, reflecting a potential upside of 26.52% from the stock's previous close.
• Transcontinental's stock recently traded up by 0.9%, reaching C$20.55, while the company has a market cap of C$1.72 billion and a P/E ratio of 9.60.
• The company has received various ratings with four analysts giving it a "Buy" rating and a consensus price target of C$24.18.

Transcontinental (TSE:TCL.A - Free Report) had its price target decreased by Cormark from C$27.00 to C$26.00 in a research report report published on Monday,BayStreet.CA reports.

TCL.A has been the topic of several other reports. National Bankshares lifted their price objective on Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Scotiabank lowered shares of Transcontinental from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from C$22.00 to C$23.25 in a report on Friday, June 6th. Royal Bank Of Canada set a C$25.00 price objective on shares of Transcontinental and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. BMO Capital Markets boosted their target price on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Finally, TD Securities boosted their target price 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$24.18.

Transcontinental Stock Down 0.6%

Transcontinental stock traded down C$0.13 during trading hours on Monday, hitting C$19.89. 75,211 shares of the stock traded hands, compared to its average volume of 224,984. The firm's 50-day moving average price is C$19.99 and its two-hundred day moving average price is C$19.48. 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 cap of C$1.66 billion, a PE ratio of 9.52, a PEG ratio of 6.05 and a beta of 0.79. Transcontinental has a one year low of C$15.97 and a one year high of C$22.33.

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.