National Bank Financial cut shares of Transcontinental (TSE:TCL.A) from an outperform rating to a sector perform rating in a research note issued to investors on Monday, BayStreet.CA reports. National Bank Financial currently has C$16.00 price objective on the stock, down from their prior price objective of C$21.00.
A number of other research analysts also recently commented on TCL.A. Canaccord Genuity lowered their price objective on shares of Transcontinental from C$27.00 to C$21.00 in a research report on Friday, June 7th. BMO Capital Markets set a $10.00 price objective on shares of United Natural Foods and gave the company a hold rating in a research report on Friday, June 7th. Royal Bank of Canada set a $184.00 price objective on shares of Jazz Pharmaceuticals and gave the company a buy rating in a research report on Monday, March 18th. CIBC reaffirmed a hold rating on shares of Just Energy Group in a research report on Friday, June 7th. Finally, TD Securities lowered their price objective on shares of Transcontinental from C$25.00 to C$22.00 and set a buy rating on the stock in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of C$23.19.
Transcontinental stock opened at C$13.88 on Monday. The stock has a 50 day moving average price of C$14.68. The stock has a market capitalization of $1.02 billion and a P/E ratio of 8.89. The company has a debt-to-equity ratio of 87.44, a quick ratio of 0.84 and a current ratio of 1.33. Transcontinental has a fifty-two week low of C$14.05 and a fifty-two week high of C$32.36.
Transcontinental Company Profile
Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
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