Transcontinental (TSE:TCL.A) Price Target Raised to C$23.00

Transcontinental (TSE:TCL.A - Get Free Report) had its price target hoisted by investment analysts at BMO Capital Markets from C$20.00 to C$23.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 10.90% from the company's current price.

Several other brokerages have also weighed in on TCL.A. TD Securities raised their price objective on shares of Transcontinental from C$22.00 to C$23.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. National Bankshares raised their price target on shares of Transcontinental from C$22.00 to C$23.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$23.68.

Transcontinental Stock Down 3.5%

Shares of Transcontinental stock traded down C$0.76 during trading on Friday, hitting C$20.74. 129,501 shares of the stock traded hands, compared to its average volume of 286,617. The stock has a market cap of C$1.48 billion, a P/E ratio of 15.59, a PEG ratio of 6.05 and a beta of 0.98. The company has a fifty day moving average price of C$19.10 and a two-hundred day moving average price of C$18.29. Transcontinental has a twelve month low of C$14.45 and a twelve month high of C$22.33. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

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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