Transcontinental (TSE:TCL.A) Price Target Cut to C$8.00 by Analysts at Royal Bank Of Canada

Transcontinental (TSE:TCL.A) had its price target dropped by research analysts at Royal Bank Of Canada from C$9.00 to C$8.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 57.79% from the stock’s previous close.

Several other research analysts also recently commented on the stock. TD Securities decreased their target price on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. BMO Capital Markets decreased their target price on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday. Canadian Imperial Bank of Commerce decreased their target price on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday. Finally, ATB Cormark Capital Markets decreased their target price on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$14.38.

Transcontinental Price Performance

Shares of TCL.A stock traded up C$0.01 during trading hours on Monday, hitting C$5.07. 407,687 shares of the company’s stock were exchanged, compared to its average volume of 776,154. The company has a market capitalization of C$423.95 million, a PE ratio of 2.93, a PEG ratio of 6.05 and a beta of 0.48. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65. The business’s 50 day simple moving average is C$5.37 and its 200-day simple moving average is C$16.21. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$269.20 million for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. On average, equities research analysts anticipate that Transcontinental will post 2.439834 earnings per share for the current year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.