Transcontinental (TSE:TCL.A) PT Set at C$23.00 by TD Securities

Transcontinental (TSE:TCL.A) has been assigned a C$23.00 target price by analysts at TD Securities in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 25.55% from the company’s previous close.

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

Transcontinental Stock Performance

Transcontinental stock traded up C$0.44 on Tuesday, reaching C$18.32. 101,275 shares of the stock were exchanged, compared to its average volume of 170,399. The stock has a market cap of C$1.31 billion, a PE ratio of 13.77, a PEG ratio of 6.05 and a beta of 0.98. The firm has a fifty day moving average price of C$17.70 and a two-hundred day moving average price of C$16.94. Transcontinental has a twelve month low of C$13.14 and a twelve month high of C$18.85. 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.