Transcontinental Inc. (TSE:TCL.A – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$9.86.
A number of research analysts recently issued reports on TCL.A shares. National Bank Financial lowered their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Thursday, September 10th. ATB Cormark Capital Markets raised their price objective on shares of Transcontinental from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Friday, September 11th.
Check Out Our Latest Stock Analysis on TCL.A
Transcontinental Trading Up 4.4%
Shares of Transcontinental stock opened at C$5.70 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm has a market cap of C$476.63 million, a price-to-earnings ratio of 1.43, a price-to-earnings-growth ratio of 6.05 and a beta of 0.33. The business has a fifty day simple moving average of C$5.42 and a 200-day simple moving average of C$9.32. Transcontinental has a fifty-two week low of C$4.16 and a fifty-two week high of C$25.65.
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.
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