Transcontinental Inc. (TSE:TCL.A) Receives Average Rating of “Hold” from Brokerages
Shares of Transcontinental Inc. (TSE:TCL.A) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$18.75.
A number of analysts have issued reports on the stock. Scotiabank cut their price objective on shares of Transcontinental from C$21.50 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, September 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$19.00 price objective on shares of Transcontinental in a report on Friday, September 9th. CIBC raised shares of Transcontinental from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 16th. Canaccord Genuity cut 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 report on Monday, June 13th. Finally, BMO Capital Markets cut 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 report on Monday, June 13th.
Transcontinental Company Profile
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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