National Bankshares Forecasts Strong Price Appreciation for Transcontinental (TSE:TCL.A) Stock

Transcontinental (TSE:TCL.A) had its price objective increased by research analysts at National Bankshares from C$24.00 to C$28.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 15.42% from the stock’s previous close.

Other analysts have also issued reports about the stock. Scotiabank upped their target price on shares of Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday. TD Securities boosted their price target on shares of Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets increased their price objective on shares of Transcontinental from C$23.00 to C$27.00 in a research report on Tuesday. Cormark reduced their price objective on shares of Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. Finally, Royal Bank Of Canada set a C$26.00 price objective on shares of Transcontinental and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$26.00.

Transcontinental Price Performance

Shares of TSE TCL.A opened at C$24.26 on Tuesday. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The company 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 stock’s 50-day moving average is C$19.90 and its two-hundred day moving average is C$20.15. Transcontinental has a 1-year low of C$15.97 and a 1-year high of C$25.65.

About Transcontinental

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.