Transcontinental Inc. (TSE:TCL.A) Receives C$14.38 Consensus PT from Analysts

Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$14.38.

Several brokerages recently commented on TCL.A. ATB Cormark Capital Markets cut their price target 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, June 5th. Royal Bank Of Canada dropped their price objective on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. BMO Capital Markets cut their target price on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research report on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce cut their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research report on Friday, June 5th.

Transcontinental Stock Performance

Shares of Transcontinental stock opened at C$5.48 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a 52 week low of C$4.16 and a 52 week high of C$25.65. The firm’s 50 day moving average is C$5.42 and its two-hundred day moving average is C$9.41. The firm has a market capitalization of C$458.23 million, a P/E ratio of 1.37, a P/E/G ratio of 6.05 and a beta of 0.47.

Transcontinental (TSE:TCL.A) last issued its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The business had revenue of C$269.20 million during the quarter. Research analysts forecast that Transcontinental will post 2.439834 EPS for the current fiscal year.

About Transcontinental

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.