Transcontinental Inc. (TSE:TCL.A)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$14.26 and last traded at C$14.42, with a volume of 152103 shares trading hands. The stock had previously closed at C$14.40.

TCL.A has been the topic of several research reports. Canaccord Genuity cut their price target on Transcontinental from C$28.00 to C$27.00 in a research note on Friday, March 1st. Royal Bank of Canada cut their price target on Transcontinental from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. National Bank Financial cut their price target on Transcontinental from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Finally, TD Securities cut their price target on Transcontinental from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$26.38.

The stock has a market cap of $1.08 billion and a price-to-earnings ratio of 5.70. The company has a quick ratio of 0.85, a current ratio of 1.32 and a debt-to-equity ratio of 89.41.

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Transcontinental Company Profile (TSE:TCL.A)

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.

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