Transcontinental (TSE:TCL.A) Price Target Lowered to C$6.00 at ATB Cormark Capital Markets

Transcontinental (TSE:TCL.A) had its price objective trimmed by ATB Cormark Capital Markets from C$7.00 to C$6.00 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. TD Securities dropped their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. BMO Capital Markets dropped their price target on Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.00.

Transcontinental Stock Up 7.4%

TSE:TCL.A opened at C$5.06 on Friday. The firm has a market capitalization of C$423.11 million, a price-to-earnings ratio of 2.92, a PEG ratio of 6.05 and a beta of 0.48. Transcontinental has a 1-year low of C$4.16 and a 1-year high of C$25.65. 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 business’s fifty day moving average price is C$5.37 and its 200 day moving average price is C$16.24.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$269.20 million for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. On average, sell-side analysts forecast that Transcontinental will post 2.439834 earnings per share 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.