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

Transcontinental (TSE:TCL.A) had its target price increased by analysts at Scotiabank from C$23.25 to C$26.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 7.17% from the company’s previous close.

Several other research firms have also commented on TCL.A. Cormark dropped their target price on Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. TD Securities upped their price objective on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of Transcontinental from C$23.00 to C$27.00 in a research note on Tuesday. Finally, Royal Bank Of Canada set a C$26.00 target price 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.00.

Transcontinental Stock Performance

Shares of TCL.A stock opened at C$24.26 on Tuesday. The stock has a market cap of C$2.03 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 6.05 and a beta of 0.79. The business has a 50-day simple moving average of C$19.90 and a 200-day simple moving average of C$20.15. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a 52-week low of C$15.97 and a 52-week 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.