National Bank Financial Cuts Transcontinental (TSE:TCL.A) Price Target to C$7.00

Transcontinental (TSE:TCL.A) had its price objective cut by National Bank Financial from C$8.00 to C$7.00 in a report released on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on TCL.A. Royal Bank Of Canada lowered their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. BMO Capital Markets reduced their price objective on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday, June 5th. Finally, ATB Cormark Capital Markets dropped their target price on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$9.86.

Transcontinental Stock Up 5.3%

TCL.A opened at C$5.12 on Thursday. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock’s 50 day moving average price is C$5.40 and its 200 day moving average price is C$7.86. The stock has a market cap of C$428.13 million, a P/E ratio of 1.29, a P/E/G ratio of 6.05 and a beta of 0.48. Transcontinental has a 12 month low of C$4.16 and a 12 month high of C$25.65.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.