TD Securities Cuts Transcontinental (TSE:TCL.A) Price Target to C$8.00

Transcontinental (TSE:TCL.A) had its price target reduced by stock analysts at TD Securities from C$28.00 to C$8.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 57.48% from the company’s current price.

TCL.A has been the subject of several other reports. Scotiabank lifted their target price on shares of Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, December 9th. BMO Capital Markets dropped their price target on shares of Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on shares of Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, National Bank Financial upped their price objective on shares of Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.54.

Transcontinental Stock Performance

Transcontinental stock traded up C$0.26 during midday trading on Tuesday, hitting C$5.08. 4,239,353 shares of the company were exchanged, compared to its average volume of 856,328. The firm has a market capitalization of C$424.78 million, a PE ratio of 2.94, a price-to-earnings-growth ratio of 6.05 and a beta of 0.74. Transcontinental has a fifty-two week low of C$4.16 and a fifty-two week high of C$25.65. The business has a fifty day simple moving average of C$22.89 and a two-hundred day simple moving average of C$21.42. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

Transcontinental (TSE:TCL.A) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.08 earnings per share for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The company had revenue of C$263.50 million during the quarter. On average, sell-side analysts forecast that Transcontinental will post 2.439834 earnings per share for the current year.

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.