BMO Capital Markets Raises Transcontinental (TSE:TCL.A) Price Target to C$18.00

Transcontinental (TSE:TCL.A) had its price objective raised by equities research analysts at BMO Capital Markets from C$16.50 to C$18.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 9.02% from the stock’s previous close.

A number of other brokerages have also commented on TCL.A. Cormark increased their price target on Transcontinental from C$23.00 to C$23.50 in a research note on Friday, June 7th. CIBC upped their price objective 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. Royal Bank of Canada upped their price objective 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. Finally, National Bankshares upped their price objective 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$20.33.

Transcontinental Price Performance

Transcontinental stock traded down C$0.33 during midday trading on Friday, reaching C$16.51. 65,885 shares of the stock traded hands, compared to its average volume of 154,535. The stock’s fifty day moving average is C$16.10 and its 200-day moving average is C$14.89. Transcontinental has a 12 month low of C$10.11 and a 12 month high of C$17.32. The stock has a market cap of C$1.21 billion, a P/E ratio of 15.58, a PEG ratio of 6.05 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 53.50.

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.