Transcontinental (TSE:TCL.A) Given New C$27.00 Price Target at BMO Capital Markets

Transcontinental (TSE:TCL.A) had its price objective boosted by research analysts at BMO Capital Markets from C$23.00 to C$27.00 in a report released on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 14.46% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Cormark lowered their price target on shares of Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. Royal Bank Of Canada set a C$26.00 target price on Transcontinental and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, TD Securities boosted their price target on Transcontinental from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Transcontinental currently has an average rating of “Moderate Buy” and a consensus price target of C$26.00.

Transcontinental Stock Performance

Shares of TCL.A stock traded down C$0.07 during trading hours on Tuesday, hitting C$23.59. The company’s stock had a trading volume of 609,730 shares, compared to its average volume of 198,184. The stock has a market cap of C$1.97 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 6.05 and a beta of 0.79. Transcontinental has a 12-month low of C$15.97 and a 12-month high of C$25.65. The company has a 50 day moving average of C$19.74 and a 200 day moving average of C$20.10. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.