CIBC Boosts Transcontinental (TSE:TCL.A) Price Target to C$19.00

Transcontinental (TSE:TCL.A) had its price target raised by CIBC from C$18.00 to C$19.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Cormark raised their price objective on Transcontinental from C$23.00 to C$23.50 in a research report on Friday, June 7th. Royal Bank of Canada raised their price target on Transcontinental from C$21.00 to C$22.00 and gave the company an outperform rating in a report on Friday, June 7th. National Bankshares upped their price objective on Transcontinental from C$18.50 to C$21.00 and gave the stock an outperform rating in a report on Friday, June 7th. Finally, BMO Capital Markets raised their target price on shares of Transcontinental from C$16.50 to C$18.00 and gave the company a market perform rating in a report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$20.50.

Transcontinental Stock Performance

TSE:TCL.A opened at C$16.62 on Monday. The stock has a 50-day moving average price of C$16.23 and a 200 day moving average price of C$14.96. The stock has a market capitalization of C$1.19 billion, a P/E ratio of 12.50, a P/E/G ratio of 6.05 and a beta of 0.98. Transcontinental has a 12-month low of C$10.11 and a 12-month high of C$17.32. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

Transcontinental Company Profile

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.