Transcontinental (TSE:TCL.A) had its target price decreased by BMO Capital Markets from C$21.00 to C$17.50 in a research note issued on Friday, June 7th, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 19.95% from the company’s current price.
Other analysts have also issued reports about the stock. Canaccord Genuity cut their target price on shares of Transcontinental from C$27.00 to C$21.00 in a research note on Friday, June 7th. CIBC cut their target price on shares of Transcontinental from C$26.00 to C$23.00 in a research note on Friday, June 7th. TD Securities reduced their price target on shares of 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. National Bank Financial reduced their price target on shares of Transcontinental from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Transcontinental from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$23.81.
TCL.A stock traded up C$0.11 during midday trading on Friday, hitting C$14.59. The stock had a trading volume of 203,241 shares, compared to its average volume of 140,806. The business has a 50-day moving average price of C$14.72. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 9.34. Transcontinental has a 12-month low of C$14.05 and a 12-month high of C$32.36. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 87.44.
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.
Further Reading: Are sell-side analysts objective?
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