Transcontinental Inc. (TCL.A.TO) – What Are Investment Firms Thinking About This Stock?

Shares of Transcontinental Inc. (TSE:TCL.A) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$9.86.

Several research firms recently commented on TCL.A. ATB Cormark Capital Markets upped their target price on Transcontinental from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Friday, September 11th. National Bank Financial decreased their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Thursday, September 10th.

Transcontinental Stock Up 0.5%

Shares of TSE:TCL.A opened at C$5.54 on Monday. The stock has a market capitalization of C$463.25 million, a P/E ratio of 1.39, a price-to-earnings-growth ratio of 6.05 and a beta of 0.14. 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 has a 12-month low of C$4.16 and a 12-month high of C$25.65. The stock’s 50-day moving average price is C$5.42 and its 200-day moving average price is C$9.14.

About Transcontinental

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.