Transcontinental (TSE:TCL.A) Hits New 1-Year High at $15.71

Transcontinental Inc. (TSE:TCL.A) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$15.71 and last traded at C$15.66, with a volume of 19498 shares changing hands. The stock had previously closed at C$15.55.

Analyst Ratings Changes

TCL.A has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Transcontinental from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. BMO Capital Markets increased their price target on shares of Transcontinental from C$15.50 to C$16.50 in a report on Friday, June 7th. CIBC increased their price target on shares of Transcontinental from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. National Bankshares increased their price target on shares of Transcontinental from C$18.50 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Finally, Cormark upped their price objective on Transcontinental from C$23.00 to C$23.50 in a research report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Transcontinental currently has a consensus rating of “Moderate Buy” and an average target price of C$20.08.

Transcontinental Stock Up 0.4 %

The firm has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 6.05 and a beta of 1.03. The business has a 50 day simple moving average of C$14.61 and a 200-day simple moving average of C$14.22. The company has a debt-to-equity ratio of 53.48, a quick ratio of 1.09 and a current ratio of 2.16.

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.