Transcontinental (TSE:TCL.A) Reaches New 12-Month High at $15.40

Transcontinental Inc. (TSE:TCL.A)’s share price hit a new 52-week high on Thursday . The company traded as high as C$15.40 and last traded at C$15.38, with a volume of 34540 shares. The stock had previously closed at C$15.10.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada raised their target price on Transcontinental from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Cormark raised their target price on Transcontinental from C$23.00 to C$23.50 in a research report on Friday, June 7th. BMO Capital Markets raised their target price on Transcontinental from C$15.50 to C$16.50 in a research report on Friday, June 7th. National Bankshares raised their target price on Transcontinental from C$18.50 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Finally, CIBC raised their target price on Transcontinental from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$20.08.

Transcontinental Trading Up 2.3 %

The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 6.05 and a beta of 1.03. The firm has a 50-day moving average price of C$14.30 and a 200-day moving average price of C$14.10. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 53.48.

Transcontinental Company Profile

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.