Brokerages Set Transcontinental Inc. (TSE:TCL.A) Price Target at $18.75
Transcontinental Inc. (TSE:TCL.A) has been assigned an average recommendation of “Hold” from the six analysts that are covering the company. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$18.75.
A number of brokerages recently commented on TCL.A. Scotiabank reissued a “sector perform” rating and issued a C$20.00 price objective on shares of Transcontinental in a research note on Monday, July 4th. CIBC raised shares of Transcontinental from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$19.00 price target on shares of Transcontinental in a research note on Friday, September 9th. BMO Capital Markets decreased their price target on shares of Transcontinental from C$20.50 to C$18.00 and set a “market perform” rating on the stock in a research note on Monday, June 13th. Finally, Canaccord Genuity decreased their price target on shares of Transcontinental from C$19.00 to C$17.00 and set a “hold” rating on the stock in a research note on Monday, June 13th.
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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