Transcontinental (TSE:TCL.A) Given a C$23.00 Price Target by TD Securities Analysts

TD Securities set a C$23.00 price target on Transcontinental (TSE:TCL.A) in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

TCL.A has been the topic of a number of other research reports. National Bankshares upped their target price on Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. Scotiabank upped their price objective on Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. CIBC lifted their target price on Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. BMO Capital Markets upped their price target on shares of Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Price Performance

Transcontinental stock opened at C$18.68 on Thursday. The firm has a market capitalization of C$1.33 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. Transcontinental has a 12-month low of C$13.14 and a 12-month high of C$18.85. The firm has a 50-day moving average price of C$17.90 and a 200-day moving average price of C$17.10. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

About Transcontinental

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.