BMO Capital Markets Has Lowered Expectations for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its price target decreased by research analysts at BMO Capital Markets from C$27.00 to C$6.25 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 23.27% from the stock’s current price.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada increased their target price on Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. National Bank Financial upped their price target on shares of Transcontinental from C$24.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Scotiabank increased their price objective on shares of Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 9th. Finally, TD Securities lifted their price objective 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, December 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and an average price target of C$20.54.

Transcontinental Stock Up 2.0%

Shares of TCL.A stock opened at C$5.07 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. Transcontinental has a one year low of C$4.16 and a one year high of C$25.65. The company’s fifty day moving average price is C$22.17 and its 200-day moving average price is C$21.20. The company has a market capitalization of C$423.95 million, a price-to-earnings ratio of 2.93, a PEG ratio of 6.05 and a beta of 0.74.

Transcontinental (TSE:TCL.A) last released its earnings results on Tuesday, March 10th. The company reported C$0.08 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The firm had revenue of C$263.50 million during the quarter. Sell-side analysts expect that Transcontinental will post 2.439834 EPS for the current fiscal year.

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.