Shares of Transcontinental Inc. (TSE:TCL.A) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$23.81.
A number of research firms recently weighed in on TCL.A. BMO Capital Markets reduced their price objective on Transcontinental from C$21.00 to C$17.50 and set a “market perform” rating for the company in a research report on Friday, June 7th. Canaccord Genuity reduced their price objective on Transcontinental from C$27.00 to C$21.00 in a research report on Friday, June 7th. TD Securities reduced their price objective on Transcontinental from C$25.00 to C$22.00 and set a “buy” rating for the company in a research report on Friday, June 7th. CIBC cut their target price on Transcontinental from C$26.00 to C$23.00 in a research note on Friday, June 7th. Finally, National Bank Financial cut their target price on Transcontinental from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 14th.
Shares of TSE:TCL.A traded up C$0.36 during trading on Friday, hitting C$14.86. The stock had a trading volume of 157,678 shares, compared to its average volume of 140,806. Transcontinental has a 12 month low of C$23.27 and a 12 month high of C$31.95. The firm has a market capitalization of $1.09 billion and a P/E ratio of 5.76. The company has a debt-to-equity ratio of 89.41, a quick ratio of 0.85 and a current ratio of 1.32.
Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
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