Transcontinental (TSE:TCL.A) Price Target Lowered to C$23.00 at CIBC

Transcontinental (TSE:TCL.A) had its price target decreased by CIBC from C$26.00 to C$23.00 in a research note released on Friday, June 7th, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. National Bank Financial decreased their price target on Transcontinental from C$25.00 to C$22.00 and set an outperform rating for the company in a report on Friday, March 1st. Royal Bank of Canada reduced their price objective on Transcontinental from C$30.00 to C$29.00 and set an outperform rating for the company in a research note on Friday, March 1st. TD Securities reduced their price objective on Transcontinental from C$29.00 to C$25.00 and set a buy rating for the company in a research note on Friday, March 1st. Finally, Canaccord Genuity reduced their price objective on Transcontinental from C$28.00 to C$27.00 in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Transcontinental has an average rating of Buy and a consensus price target of C$23.81.

TSE TCL.A opened at C$14.59 on Friday. The firm has a market capitalization of $1.07 billion and a P/E ratio of 9.34. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 87.44. The company has a 50 day simple moving average of C$14.72. Transcontinental has a 1-year low of C$14.05 and a 1-year high of C$32.36.

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.

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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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