Transcontinental Inc. (TSE:TCL.A) Given Average Recommendation of “Moderate Buy” by Analysts

Transcontinental Inc. (TSE:TCL.A) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$22.08.

TCL.A has been the topic of a number of analyst reports. 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. BMO Capital Markets boosted their price objective on Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Scotiabank lifted their target price on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. National Bankshares increased their price target on shares of Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. Finally, CIBC lifted their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th.

Transcontinental Price Performance

TCL.A stock traded up C$0.44 during mid-day trading on Tuesday, reaching C$18.32. 101,275 shares of the company traded hands, compared to its average volume of 170,399. The company has a fifty day moving average price of C$17.70 and a 200-day moving average price of C$16.94. Transcontinental has a 52-week low of C$13.14 and a 52-week high of C$18.85. The company has a market capitalization of C$1.31 billion, a P/E ratio of 13.77, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.