National Bank Financial Lowers Transcontinental (TSE:TCL.A) Price Target to C$16.00

Transcontinental (TSE:TCL.A) had its target price decreased by investment analysts at National Bank Financial from C$20.00 to C$16.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 34.68% from the company’s current price.

TCL.A has been the topic of several other research reports. Royal Bank of Canada raised their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. CIBC raised their target price on shares of Transcontinental from C$18.50 to C$19.00 in a report on Friday, February 28th. Finally, TD Securities dropped their target price on shares of Transcontinental from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Friday, February 28th.

Shares of TCL.A stock opened at C$11.88 on Tuesday. Transcontinental has a 12-month low of C$12.55 and a 12-month high of C$17.79. The company has a current ratio of 2.14, a quick ratio of 1.60 and a debt-to-equity ratio of 90.79. The firm’s 50 day moving average is C$15.42 and its 200 day moving average is C$15.30. The stock has a market capitalization of $810.09 million and a P/E ratio of 7.20.

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.

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