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

TD Securities set a C$23.00 target price on Transcontinental (TSE:TCL.AFree Report) in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

TCL.A has been the topic of several other reports. CIBC lifted their price target on Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Royal Bank of Canada boosted their target price on shares of Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. Scotiabank upped their target price on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. BMO Capital Markets lifted their price target on shares of Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. Finally, National Bankshares upped their price objective on shares of Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.21.

Check Out Our Latest Stock Report on Transcontinental

Transcontinental Trading Up 2.1 %

TSE TCL.A opened at C$18.68 on Thursday. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. Transcontinental has a fifty-two week low of C$13.14 and a fifty-two week high of C$18.85. The stock has a market cap of C$1.33 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The stock has a 50 day simple moving average of C$17.90 and a two-hundred day simple moving average of C$17.10.

About Transcontinental

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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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