Transcontinental Inc. (TSE:TCL.A) Given Average Recommendation of “Hold” by Brokerages
Shares of Transcontinental Inc. (TSE:TCL.A) have been given an average recommendation of “Hold” by the six analysts that are covering the company. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$18.75.
TCL.A has been the subject of several research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a C$20.00 price objective on shares of Transcontinental in a research note on Tuesday, June 7th. BMO Capital Markets lowered their price objective on shares of Transcontinental from C$20.50 to C$18.00 and set a “market perform” rating for the company in a research note on Monday, June 13th. Canaccord Genuity lowered their price objective on shares of Transcontinental from C$19.00 to C$17.00 and set a “hold” rating for the company in a research note on Monday, June 13th. Scotiabank lowered their price objective on shares of Transcontinental from C$21.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Monday, June 13th. Finally, CIBC raised shares of Transcontinental from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 16th.
Transcontinental Inc (TC Transcontinental) is a Canada-based company with operations in print and digital media, publishing and flexible packaging. The Company’s operating segments include the Printing and Packaging Sector, the Media Sector, and Head office and inter-segment eliminations. The Printing and Packaging Sector is engaged in the printing of retail flyers, magazines, newspapers, color books, and personalized and mass marketing products, and the production of flexible packaging solutions in the United States.
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