BMO Capital Markets Raises Transcontinental (TSE:TCL.A) Price Target to C$27.00

Transcontinental (TSE:TCL.A) had its price target boosted by investment analysts at BMO Capital Markets from C$23.00 to C$27.00 in a report released on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 11.29% from the stock’s previous close.

TCL.A has been the subject of several other reports. Cormark dropped their price objective on shares of Transcontinental from C$27.00 to C$26.00 in a research note on Monday, September 8th. TD Securities lifted their price target on shares of Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Royal Bank Of Canada set a C$26.00 price target on shares of Transcontinental and gave the company an “outperform” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$26.00.

Transcontinental Price Performance

Shares of Transcontinental stock opened at C$24.26 on Tuesday. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 6.05 and a beta of 0.79. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a 50 day moving average price of C$19.90 and a 200-day moving average price of C$20.15. Transcontinental has a one year low of C$15.97 and a one year high of C$25.65.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.