Transcontinental (TCL.A) Given New C$25.50 Price Target at Scotiabank

Transcontinental (TSE:TCL.A) had its price target reduced by Scotiabank from C$26.00 to C$25.50 in a research note released on Friday. They currently have a sector perform rating on the stock.

TCL.A has been the subject of a number of other research reports. Royal Bank of Canada lifted their price objective on Transcontinental from C$27.00 to C$28.00 and gave the company a sector perform rating in a research note on Monday, December 11th. National Bank Financial reduced their price objective on Transcontinental from C$32.00 to C$31.00 and set an outperform rating for the company in a research note on Friday. BMO Capital Markets lifted their price objective on Transcontinental from C$25.00 to C$26.00 and gave the company a market perform rating in a research note on Friday, September 8th. Canaccord Genuity lifted their price objective on Transcontinental from C$24.00 to C$25.00 in a research note on Friday, September 8th. Finally, CIBC lifted their price objective on Transcontinental from C$28.00 to C$29.00 in a research note on Friday, September 8th.

Shares of Transcontinental (TSE:TCL.A) traded down C$0.47 on Friday, reaching C$25.08. The company’s stock had a trading volume of 118,439 shares, compared to its average volume of 91,097. Transcontinental has a 12 month low of C$20.22 and a 12 month high of C$31.95. The firm has a market cap of $1,950.00, a PE ratio of 9.19 and a beta of 0.45.

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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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