Transcontinental (TSE:TCL.A) Stock Price Expected to Rise, Scotiabank Analyst Says

Transcontinental (TSE:TCL.A) had its price target boosted by analysts at Scotiabank from C$19.50 to C$22.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 21.21% from the stock’s current price.

A number of other brokerages have also recently commented on TCL.A. CIBC raised their target price on Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada raised their target price on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday. Finally, BMO Capital Markets raised their target price on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$21.75.

Transcontinental Stock Performance

TSE:TCL.A traded up C$0.15 during trading hours on Friday, reaching C$18.15. The company had a trading volume of 167,905 shares, compared to its average volume of 151,822. Transcontinental has a 1-year low of C$11.85 and a 1-year high of C$18.85. The firm has a market cap of C$1.29 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The business’s 50 day moving average price is C$17.37 and its 200-day moving average price is C$16.19. 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 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.