National Bank Financial Boosts Transcontinental (TSE:TCL.A) Price Target to C$17.00

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Transcontinental (TSE:TCL.A) had its target price hoisted by investment analysts at National Bank Financial from C$15.00 to C$17.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 26.21% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets reduced their price target on Transcontinental from C$17.50 to C$16.50 in a research report on Thursday. Canaccord Genuity reduced their price target on Transcontinental from C$19.00 to C$17.00 in a research report on Tuesday. Royal Bank of Canada upped their price target on Transcontinental from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank upped their price target on Transcontinental from C$16.00 to C$18.00 in a research report on Thursday. Finally, CIBC upped their price target on Transcontinental from C$18.50 to C$19.00 in a research report on Friday, February 28th.

Shares of TCL.A traded up C$0.67 on Thursday, hitting C$13.47. The company’s stock had a trading volume of 231,462 shares, compared to its average volume of 140,806. The company has a quick ratio of 1.60, a current ratio of 2.14 and a debt-to-equity ratio of 90.79. The firm’s fifty day moving average price is C$11.79 and its 200-day moving average price is C$14.00. Transcontinental has a fifty-two week low of C$9.50 and a fifty-two week high of C$17.60. The firm has a market capitalization of $986.86 million and a price-to-earnings ratio of 8.16.

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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