BMO Capital Markets Lowers Transcontinental (TSE:TCL.A) Price Target to C$6.00

Transcontinental (TSE:TCL.A) had its target price decreased by analysts at BMO Capital Markets from C$6.25 to C$6.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 18.81% from the company’s previous close.

Several other equities analysts have also issued reports on the company. ATB Cormark Capital Markets decreased their price target on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities decreased their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$17.00.

Transcontinental Price Performance

Transcontinental stock traded up C$0.34 during mid-day trading on Friday, reaching C$5.05. 501,511 shares of the company were exchanged, compared to its average volume of 775,541. The company has a fifty day simple moving average of C$5.37 and a 200-day simple moving average of C$16.31. Transcontinental has a 12 month low of C$4.16 and a 12 month high of C$25.65. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market cap of C$422.28 million, a PE ratio of 2.92, a PEG ratio of 6.05 and a beta of 0.53.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The firm had revenue of C$269.20 million for the quarter. As a group, equities research analysts expect that Transcontinental will post 2.439834 earnings per share for the current fiscal 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.