CIBC Issues Positive Forecast for Transcontinental (TSE:TCL.A) Stock Price

Transcontinental (TSE:TCL.A) had its price objective hoisted by CIBC from C$20.00 to C$21.00 in a research note published on Monday morning,BayStreet.CA reports.

TCL.A has been the subject of a number of other research reports. Royal Bank of Canada lifted their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. Scotiabank lifted their price target on Transcontinental from C$19.50 to C$22.00 in a research note on Friday. National Bankshares raised their price objective on Transcontinental from C$21.00 to C$23.00 in a report on Friday. Finally, BMO Capital Markets upped their target price on Transcontinental from C$18.00 to C$20.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Transcontinental presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.08.

Transcontinental Price Performance

Shares of TCL.A opened at C$18.00 on Monday. The business’s 50-day moving average is C$17.38 and its two-hundred day moving average is C$16.24. The company has a market capitalization of C$1.28 billion, a P/E ratio of 13.53, a P/E/G ratio of 6.05 and a beta of 0.98. Transcontinental has a fifty-two week low of C$13.10 and a fifty-two week high of C$18.85. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

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.