TD Securities Reiterates C$23.00 Price Target for Transcontinental (TSE:TCL.A)

Transcontinental (TSE:TCL.A) received a C$23.00 price target from stock analysts at TD Securities in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 25.55% from the company’s current price.

A number of other research analysts have also weighed in on TCL.A. National Bankshares raised their price target on shares of Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. CIBC boosted their price objective on Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Royal Bank of Canada lifted their target price on Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. BMO Capital Markets raised their price objective on shares of Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Finally, Scotiabank increased their target price on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Stock Up 2.5 %

Shares of TCL.A traded up C$0.44 during trading hours on Tuesday, reaching C$18.32. The stock had a trading volume of 101,275 shares, compared to its average volume of 170,399. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 6.05 and a beta of 0.98. The firm has a 50-day simple moving average of C$17.70 and a 200 day simple moving average of C$16.94. 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$13.14 and a 12 month high of C$18.85.

Transcontinental Company Profile

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.