TD Securities Has Lowered Expectations for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its target price cut by research analysts at TD Securities from C$28.00 to C$8.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 57.79% from the stock’s previous close.

A number of other analysts have also recently weighed in on TCL.A. Scotiabank raised their price objective on shares of Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 9th. BMO Capital Markets dropped their target price on shares of Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Transcontinental from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, National Bank Financial boosted 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 report on Tuesday, December 9th. Three investment 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 has a consensus rating of “Moderate Buy” and an average price target of C$20.54.

Transcontinental Trading Up 2.0%

TCL.A opened at C$5.07 on Tuesday. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. Transcontinental has a one year low of C$4.16 and a one year high of C$25.65. The company has a market cap of C$423.95 million, a P/E ratio of 2.93, a PEG ratio of 6.05 and a beta of 0.74. The business’s 50-day simple moving average is C$22.17 and its 200-day simple moving average is C$21.20.

Transcontinental (TSE:TCL.A) last posted its earnings results on Tuesday, March 10th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$263.50 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. As a group, equities research 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.