Transcontinental (TSE:TCL.A) Price Target Raised to C$25.00

Transcontinental (TSE:TCL.A) had its target price upped by Scotiabank from C$24.00 to C$25.00 in a report released on Thursday, BayStreet.CA reports.

A number of other research firms have also recently weighed in on TCL.A. CIBC lifted their price objective on Transcontinental from C$25.00 to C$26.00 and gave the company an outperform rating in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of Transcontinental from C$25.00 to C$26.00 and gave the company an outperform rating in a report on Tuesday. Finally, Cormark increased their price objective on shares of Transcontinental from C$27.00 to C$32.00 in a research note on Friday, March 5th. Five equities research analysts have rated the stock with a buy rating, Transcontinental presently has an average rating of Buy and an average target price of C$26.22.

TSE:TCL.A opened at C$25.73 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.30 and a debt-to-equity ratio of 60.08. The firm’s 50-day moving average is C$23.14. The company has a market capitalization of C$2.24 billion and a price-to-earnings ratio of 17.04. Transcontinental has a 52-week low of C$12.40 and a 52-week high of C$26.37.

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.

Read More: Trading based on a resistance level

Analyst Recommendations for Transcontinental (TSE:TCL.A)

Receive News & Ratings for Transcontinental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcontinental and related companies with's FREE daily email newsletter.