Transcontinental (TSE:TCL.A) PT Set at C$23.00 by TD Securities

Transcontinental (TSE:TCL.A) has been given a C$23.00 target price by TD Securities in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 25.82% from the company’s previous close.

Several other brokerages have also commented on TCL.A. 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. Royal Bank of Canada raised their price objective 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 Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. CIBC raised their target price on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. Finally, BMO Capital Markets upped their price target on Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Stock Performance

TSE TCL.A opened at C$18.28 on Thursday. The company has a 50-day simple moving average of C$17.97 and a two-hundred day simple moving average of C$17.12. Transcontinental has a 12-month low of C$13.14 and a 12-month high of C$18.85. The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of 13.74, a PEG 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.

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.