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

Transcontinental (TSE:TCL.A) had its target price hoisted by research analysts at TD Securities from C$27.00 to C$28.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 15.42% from the stock’s current price.

TCL.A has been the topic of a number of other research reports. Cormark cut their price objective on shares of Transcontinental from C$27.00 to C$26.00 in a report on Monday, September 8th. Royal Bank Of Canada set a C$26.00 target price on Transcontinental and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$26.00.

Transcontinental Price Performance

TCL.A opened at C$24.26 on Tuesday. The stock has a fifty day simple moving average of C$19.90 and a two-hundred day simple moving average of C$20.15. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. 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. Transcontinental has a 12-month low of C$15.97 and a 12-month 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.