Transcontinental (TSE:TCL.A) had its price objective lowered by National Bank Financial from C$22.00 to C$21.00 in a research note released on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other research analysts have also recently weighed in on TCL.A. TD Securities lowered their price objective on Transcontinental from C$29.00 to C$25.00 and set a buy rating on the stock in a research report on Friday, March 1st. Canaccord Genuity lowered their price objective on Transcontinental from C$28.00 to C$27.00 in a research report on Friday, March 1st. Finally, Royal Bank of Canada lowered their price objective on Transcontinental from C$29.00 to C$27.00 and set an outperform rating on the stock in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Transcontinental has a consensus rating of Buy and a consensus price target of C$26.38.
TCL.A opened at C$14.64 on Tuesday. Transcontinental has a 1-year low of C$23.27 and a 1-year high of C$31.95. The company has a current ratio of 1.32, a quick ratio of 0.85 and a debt-to-equity ratio of 89.41. The firm has a market capitalization of $1.07 billion and a P/E ratio of 5.67.
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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