Transcontinental (TSE:TCL.A) Price Target Raised to C$21.00

Transcontinental (TSE:TCL.A) had its price target hoisted by analysts at CIBC from C$20.00 to C$21.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 17.32% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their price objective on Transcontinental from C$18.00 to C$20.00 in a report on Friday. Royal Bank of Canada lifted their price objective on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. Scotiabank lifted their price objective on Transcontinental from C$19.50 to C$22.00 in a report on Friday. Finally, National Bankshares lifted their price objective on Transcontinental from C$21.00 to C$23.00 in a report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$22.08.

Transcontinental Price Performance

Shares of TSE:TCL.A traded down C$0.18 during trading on Monday, reaching C$17.90. 87,947 shares of the company’s stock traded hands, compared to its average volume of 152,133. The firm has a market cap of C$1.28 billion, a PE ratio of 13.45, a P/E/G ratio of 6.05 and a beta of 0.98. Transcontinental has a fifty-two week low of C$13.10 and a fifty-two week high of C$18.85. 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 company has a 50-day simple moving average of C$17.38 and a 200-day simple moving average of C$16.24.

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.