Transcontinental (TSE:TCL.A) Stock Price Expected to Rise, National Bankshares Analyst Says

Transcontinental (TSE:TCL.A - Get Free Report) had its price target upped by analysts at National Bankshares from C$23.00 to C$24.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 15.72% from the company's previous close.

TCL.A has been the subject of a number of other research reports. TD Securities lifted their target price on Transcontinental from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets raised their price target on shares of Transcontinental from C$20.00 to C$23.00 in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$23.68.

Transcontinental Stock Performance

TCL.A traded down C$0.76 on Friday, reaching C$20.74. 129,501 shares of the stock were exchanged, compared to its average volume of 286,617. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The company's 50-day moving average price is C$19.10 and its 200 day moving average price is C$18.29. The firm has a market capitalization of C$1.48 billion, a PE ratio of 15.59, a PEG ratio of 6.05 and a beta of 0.98. Transcontinental has a fifty-two week low of C$14.45 and a fifty-two week 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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