Transcontinental Inc. (TSE:TCL.A – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$16.25 and last traded at C$16.22, with a volume of 13210 shares traded. The stock had previously closed at C$16.12.
Analysts Set New Price Targets
TCL.A has been the subject of a number of recent analyst reports. National Bankshares boosted their price objective on shares of Transcontinental from C$18.50 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. CIBC increased their price objective on shares of Transcontinental from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Friday, June 7th. BMO Capital Markets increased their price objective on shares of Transcontinental from C$15.50 to C$16.50 in a report on Friday, June 7th. Royal Bank of Canada increased their price target on shares of Transcontinental from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Finally, Cormark increased their price target on shares of Transcontinental from C$23.00 to C$23.50 in a report on Friday, June 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$20.08.
Get Our Latest Stock Analysis on TCL.A
Transcontinental Price Performance
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.
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