Transcontinental Inc. (TSE:TCL.A – Get Free Report) 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.
Check Out Our Latest Research Report on TCL.A
Transcontinental Trading Up 1.2 %
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.
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