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Transcontinental (TCL.A) Stock Forecast & Price Target

C$15.31
-0.16 (-1.03%)
(As of 07/19/2024 ET)

Transcontinental - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for Transcontinental in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 1 has given a hold rating, and 4 have given a buy rating for TCL.A.

Consensus Price Target

C$20.08
31.18% Upside
High ForecastC$23.50
Average ForecastC$20.08
Low ForecastC$16.50

According to the 5 analysts' twelve-month price targets for Transcontinental, the average price target is C$20.08. The highest price target for TCL.A is C$23.50, while the lowest price target for TCL.A is C$16.50. The average price target represents a forecasted upside of 31.18% from the current price of C$15.31.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$20.08C$20.08C$19.08C$19.20
Forecasted Upside31.18% Upside40.10% Upside32.36% Upside36.01% Upside
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TCL.A Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TCL.A Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Transcontinental Stock vs. The Competition

TypeTranscontinentalConsumer Cyclical Companies
Consensus Rating Score
2.80
2.50
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/7/2024National Bankshares
1 of 5 stars
 Boost TargetOutperformC$18.50 ➝ C$21.00+42.18%
6/7/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetOutperformC$21.00 ➝ C$22.00+48.95%
6/7/2024CIBC
3 of 5 stars
 Boost TargetOutperformC$17.00 ➝ C$18.00+21.87%
6/7/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$15.50 ➝ C$16.50+11.71%
6/7/2024Cormark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$23.00 ➝ C$23.50+59.11%
2/13/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Set TargetOutperformC$19.50+45.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:36 AM ET.

TCL.A Forecast - Frequently Asked Questions

What is Transcontinental's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Transcontinental is C$20.08, with a high forecast of C$23.50 and a low forecast of C$16.50.

Should I buy or sell Transcontinental stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transcontinental in the last twelve months. There is currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TCL.A shares.

Does Transcontinental's stock price have much upside?

According to analysts, Transcontinental's stock has a predicted upside of 40.10% based on their 12-month stock forecasts.

What analysts cover Transcontinental?

Transcontinental has been rated by research analysts at BMO Capital Markets, CIBC, Cormark, National Bankshares, and Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like Transcontinental more than its competitors?

Analysts like Transcontinental more than other "consumer cyclical" companies. The consensus rating score for Transcontinental is 2.80 while the average consensus rating score for "consumer cyclical" companies is 2.50. Learn more on how TCL.A compares to other companies.


This page (TSE:TCL.A) was last updated on 7/20/2024 by MarketBeat.com Staff

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