National Bank Financial Lowers Transcontinental (TCL.A) Price Target to C$31.00

Transcontinental (TSE:TCL.A) had its price target cut by stock analysts at National Bank Financial from C$32.00 to C$31.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 22.92% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Scotiabank reduced their price target on shares of Transcontinental from C$26.50 to C$26.00 and set a “sector perform” rating for the company in a research report on Friday, December 15th. Royal Bank of Canada lifted their price target on shares of Transcontinental from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Monday, December 11th. BMO Capital Markets lifted their price target on shares of Transcontinental from C$25.00 to C$26.00 and gave the company a “market perform” rating in a research report on Friday, September 8th. Canaccord Genuity lifted their price target on shares of Transcontinental from C$24.00 to C$25.00 in a research report on Friday, September 8th. Finally, CIBC lifted their price target on shares of Transcontinental from C$28.00 to C$29.00 in a research report on Friday, September 8th.

Shares of Transcontinental (TSE:TCL.A) traded down C$0.33 during mid-day trading on Friday, hitting C$25.22. 78,349 shares of the stock traded hands, compared to its average volume of 91,097. Transcontinental has a one year low of C$20.22 and a one year high of C$31.95.

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Transcontinental Company Profile

Transcontinental Inc is a Canada-based printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States.

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