BMO Capital Markets Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its price objective lifted by equities research analysts at BMO Capital Markets from C$18.00 to C$20.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 10.19% from the stock’s previous close.

TCL.A has been the topic of a number of other reports. Scotiabank boosted their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday. National Bankshares lifted their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday. Royal Bank of Canada lifted their target price on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday. Finally, CIBC lifted their target price on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$21.75.

Transcontinental Trading Up 0.8 %

Shares of Transcontinental stock traded up C$0.15 during trading on Friday, hitting C$18.15. The stock had a trading volume of 167,905 shares, compared to its average volume of 151,822. The stock has a 50 day simple moving average of C$17.37 and a 200 day simple moving average of C$16.19. The company has a market capitalization of C$1.29 billion, a PE ratio of 13.65, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a 1 year low of C$11.85 and a 1 year high of C$18.85.

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.