Transcontinental (TSE:TCL.A) Given New C$19.00 Price Target at CIBC

Transcontinental (TSE:TCL.A) had its target price boosted by CIBC from C$18.00 to C$19.00 in a report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. National Bankshares raised their price target on shares of Transcontinental from C$18.50 to C$21.00 and gave the company an outperform rating in a report on Friday, June 7th. BMO Capital Markets raised their target price on shares of Transcontinental from C$16.50 to C$18.00 and gave the company a market perform rating in a research note on Friday, September 13th. Cormark lifted their price target on shares of Transcontinental from C$23.00 to C$23.50 in a report on Friday, June 7th. Finally, Royal Bank of Canada increased their price objective on Transcontinental from C$21.00 to C$22.00 and gave the company an outperform rating in a report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Transcontinental currently has an average rating of Moderate Buy and an average price target of C$20.50.

Transcontinental Price Performance

Shares of TCL.A stock opened at C$16.62 on Monday. The stock’s 50-day moving average is C$16.23 and its 200 day moving average is C$14.96. Transcontinental has a 1-year low of C$10.11 and a 1-year high of C$17.32. 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 company has a market cap of C$1.19 billion, a P/E ratio of 12.50, a PEG ratio of 6.05 and a beta of 0.98.

About Transcontinental

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.