Transcontinental (TSE:TCL.A) Hits New 1-Year High at $15.71

Transcontinental Inc. (TSE:TCL.A) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.71 and last traded at C$15.66, with a volume of 19498 shares trading hands. The stock had previously closed at C$15.55.

Analyst Ratings Changes

TCL.A has been the topic of several research analyst reports. National Bankshares increased their price target on Transcontinental from C$18.50 to C$21.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Royal Bank of Canada raised their target price on Transcontinental from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. CIBC upped their price target on shares of Transcontinental from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Cormark raised their price objective on shares of Transcontinental from C$23.00 to C$23.50 in a report on Friday, June 7th. Finally, BMO Capital Markets boosted their target price on shares of Transcontinental from C$15.50 to C$16.50 in a research report on Friday, June 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$20.08.

Transcontinental Trading Up 1.2 %

The stock has a market cap of C$1.15 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 6.05 and a beta of 1.03. The stock’s 50-day moving average is C$14.52 and its two-hundred day moving average is C$14.19. The company has a debt-to-equity ratio of 53.48, a current ratio of 2.16 and a quick ratio of 1.09.

About Transcontinental

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.