Transcontinental Inc. (TSE:TCL.A – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$18.00 and last traded at C$17.95, with a volume of 44727 shares trading hands. The stock had previously closed at C$17.64.
Wall Street Analyst Weigh In
TCL.A has been the topic of a number of recent research reports. CIBC upped their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. BMO Capital Markets increased their target price on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research note on Friday, September 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.50.
Read Our Latest Report on TCL.A
Transcontinental Stock Up 1.3 %
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.
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