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

Transcontinental (TSE:TCL.A) had its target price cut by BMO Capital Markets from C$6.25 to C$6.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

TCL.A has been the topic of a number of other research reports. TD Securities lowered 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. ATB Cormark Capital Markets lowered their price target on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Transcontinental presently has a consensus rating of “Moderate Buy” and an average price target of C$17.00.

Transcontinental Price Performance

Shares of TSE TCL.A opened at C$5.06 on Friday. The business’s 50 day moving average price is C$5.37 and its two-hundred day moving average price is C$16.24. The company has a market cap of C$423.11 million, a PE ratio of 2.92, a price-to-earnings-growth ratio of 6.05 and a beta of 0.48. 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 twelve month low of C$4.16 and a twelve month high of C$25.65.

Transcontinental (TSE:TCL.A) last announced 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, analysts predict that Transcontinental will post 2.439834 EPS for the current 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.