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

Transcontinental (TSE:TCL.A) has been assigned a C$23.00 target price by TD Securities in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 24.73% from the company’s current price.

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

Transcontinental Stock Performance

Shares of TSE TCL.A traded up C$0.15 during mid-day trading on Thursday, hitting C$18.44. 35,746 shares of the company were exchanged, compared to its average volume of 236,842. The stock has a 50 day simple moving average of C$17.90 and a 200-day simple moving average of C$17.10. Transcontinental has a 1-year low of C$13.14 and a 1-year high of C$18.85. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

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.