TD Securities Reiterates “C$23.00” Price Target for Transcontinental (TSE:TCL.A)

TD Securities set a C$23.00 target price on Transcontinental (TSE:TCL.A) in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on TCL.A. BMO Capital Markets upped their target price on Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. National Bankshares raised their target price on Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. Royal Bank of Canada boosted their price target on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. CIBC raised their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. Finally, Scotiabank increased their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Trading Down 0.2 %

Shares of TSE:TCL.A opened at C$18.53 on Tuesday. The business’s 50-day moving average is C$17.76 and its 200 day moving average is C$16.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. Transcontinental has a 1 year low of C$13.14 and a 1 year high of C$18.85. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 13.93, a P/E/G ratio of 6.05 and a beta of 0.98.

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.