Transcontinental (TSE:TCL.A) Price Target Lowered to C$26.00 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 - Get Free Report) had its price objective decreased by Cormark from C$27.00 to C$26.00 in a research report issued on Monday,BayStreet.CA reports. Cormark's target price points to a potential upside of 26.52% from the stock's previous close.

Other equities research analysts have also issued reports about the company. TD Securities lifted their price objective on Transcontinental from C$23.00 to C$26.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Scotiabank cut Transcontinental from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from C$22.00 to C$23.25 in a research note on Friday, June 6th. Royal Bank Of Canada set a C$25.00 price target on Transcontinental and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. BMO Capital Markets lifted their target price on Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. Finally, National Bankshares boosted their price objective on Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Transcontinental presently has a consensus rating of "Moderate Buy" and a consensus price target of C$24.18.

Transcontinental Stock Up 0.9%

Shares of TSE:TCL.A traded up C$0.18 during mid-day trading on Monday, hitting C$20.55. 68,944 shares of the company traded hands, compared to its average volume of 226,817. 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 stock has a market cap of C$1.72 billion, a P/E ratio of 9.60, a P/E/G ratio of 6.05 and a beta of 0.79. Transcontinental has a 12-month low of C$15.97 and a 12-month high of C$22.33. The stock has a 50-day moving average price of C$20.05 and a two-hundred day moving average price of C$19.42.

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.

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