Transcontinental (TSE:TCL.A) Price Target Raised to C$25.00

Transcontinental (TSE:TCL.A - Get Free Report) had its price target upped by equities research analysts at Royal Bank of Canada from C$24.00 to C$25.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price target suggests a potential upside of 20.54% from the company's previous close.

TCL.A has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on Transcontinental from C$20.00 to C$23.00 in a research note on Friday. TD Securities lifted their price target on Transcontinental from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, National Bankshares boosted their price objective on Transcontinental from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Transcontinental currently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.68.

Transcontinental Stock Down 3.5%

Transcontinental stock traded down C$0.76 during midday trading on Friday, hitting C$20.74. 129,501 shares of the stock were exchanged, compared to its average volume of 286,617. Transcontinental has a 52-week low of C$14.45 and a 52-week high of C$22.33. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The business's 50-day moving average price is C$19.10 and its 200-day moving average price is C$18.29. The stock has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

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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