Transcontinental Inc. (TSE:TCL.A) Stock Has Average Target Price of C$9.86

Shares of Transcontinental Inc. (TSE:TCL.A) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$9.86.

A number of equities research analysts have recently weighed in on the company. ATB Cormark Capital Markets boosted their target price on Transcontinental from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Friday, September 11th. National Bank Financial decreased their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Thursday, September 10th.

Transcontinental Price Performance

Shares of TSE:TCL.A opened at C$5.54 on Monday. The stock’s 50-day moving average price is C$5.42 and its 200-day moving average price is C$9.14. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65. The stock has a market capitalization of C$463.25 million, a P/E ratio of 1.39, a price-to-earnings-growth ratio of 6.05 and a beta of 0.14. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

About Transcontinental

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.