Transcontinental Inc. (TSE:TCL.A) Given Average Rating of “Moderate Buy” by Brokerages

Transcontinental Inc. (TSE:TCL.A) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$22.21.

A number of research firms recently weighed in on TCL.A. National Bankshares increased their price objective on shares of Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. CIBC raised their price target on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. TD Securities set a C$23.00 price objective on Transcontinental and gave the company a “buy” rating in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their target price on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets upped their price target on shares of Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th.

Transcontinental Trading Down 1.1 %

TCL.A stock opened at C$18.42 on Tuesday. Transcontinental has a twelve month low of C$13.14 and a twelve month high of C$18.85. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm’s fifty day simple moving average is C$17.82 and its two-hundred day simple moving average is C$17.03.

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.