Transcontinental (TSE:TCL.A) had its target price reduced by stock analysts at BMO Capital Markets from C$17.50 to C$16.50 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 22.49% from the company’s current price.
TCL.A has been the topic of a number of other reports. National Bank Financial reduced their price target on Transcontinental from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. TD Securities lowered their price target on shares of Transcontinental from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Royal Bank of Canada lowered their target price on shares of Transcontinental from C$23.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Canaccord Genuity lowered their target price on shares of Transcontinental from C$19.00 to C$17.00 in a research note on Tuesday. Finally, CIBC upped their price target on shares of Transcontinental from C$18.50 to C$19.00 in a research report on Friday, February 28th.
Shares of TSE:TCL.A traded up C$0.67 during trading hours on Thursday, hitting C$13.47. 231,462 shares of the company’s stock traded hands, compared to its average volume of 140,806. Transcontinental has a 1 year low of C$9.50 and a 1 year high of C$17.60. The business has a fifty day moving average price of C$11.79 and a 200-day moving average price of C$14.00. The firm has a market capitalization of $986.86 million and a P/E ratio of 8.19. The company has a debt-to-equity ratio of 90.79, a current ratio of 2.14 and a quick ratio of 1.60.
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.
See Also: Return on Equity (ROE)
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