National Bank Financial downgraded shares of Transcontinental (TSE:TCL.A) from an outperform rating to a sector perform rating in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has C$16.00 price target on the stock, down from their prior price target of C$21.00.
A number of other equities analysts have also issued reports on TCL.A. CIBC reiterated a hold rating on shares of Just Energy Group in a research report on Friday, June 7th. Canaccord Genuity decreased their target price on shares of Transcontinental from C$27.00 to C$21.00 in a research report on Friday, June 7th. TD Securities decreased their target price on shares of Transcontinental from C$25.00 to C$22.00 and set a buy rating for the company in a research report on Friday, June 7th. BMO Capital Markets set a $10.00 target price on shares of United Natural Foods and gave the company a hold rating in a research report on Friday, June 7th. Finally, Royal Bank of Canada set a $184.00 target price on shares of Jazz Pharmaceuticals and gave the company a buy rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$23.19.
Transcontinental stock opened at C$14.11 on Monday. The business’s 50-day moving average price is C$14.67. The company has a market capitalization of $1.04 billion and a price-to-earnings ratio of 9.03. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 87.44. Transcontinental has a one year low of C$14.05 and a one year high of C$32.36.
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.
Further Reading: Bid-Ask Spread
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