Transcontinental Inc. (TSE:TCL.A) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$23.19.
A number of research firms have recently issued reports on TCL.A. National Bank Financial cut shares of Transcontinental from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$21.00 to C$16.00 in a research note on Monday, July 15th. CIBC cut their target price on shares of Transcontinental from C$26.00 to C$23.00 in a research note on Friday, June 7th. Canaccord Genuity cut their target price on shares of Transcontinental from C$27.00 to C$21.00 in a research note on Friday, June 7th. TD Securities cut their target price on shares of Transcontinental from C$25.00 to C$22.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, BMO Capital Markets cut their target price on shares of Transcontinental from C$21.00 to C$17.50 and set a “market perform” rating for the company in a research note on Friday, June 7th.
TCL.A stock traded down C$0.14 during trading hours on Friday, reaching C$15.20. The stock had a trading volume of 192,400 shares, compared to its average volume of 140,806. The company has a market capitalization of $1.12 billion and a PE ratio of 9.73. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 87.44. The company’s 50-day moving average is C$14.73. Transcontinental has a fifty-two week low of C$13.11 and a fifty-two week high of C$32.36.
Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
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