Transcontinental (TSE:TCL.A) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of Transcontinental (TSE:TCL.A) from a sector perform rating to an outperform rating in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has C$17.50 target price on the stock, up from their prior target price of C$16.50.

A number of other equities analysts have also recently commented on TCL.A. Royal Bank of Canada lowered their price target on Transcontinental from C$25.00 to C$22.00 and set an outperform rating for the company in a report on Tuesday. TD Securities boosted their price target on Transcontinental from C$22.00 to C$23.00 and gave the stock a buy rating in a report on Friday, September 6th. CIBC lowered their price target on Transcontinental from C$23.00 to C$20.00 in a report on Friday, September 6th. Finally, Canaccord Genuity lowered their price target on Transcontinental from C$21.00 to C$18.00 in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of C$22.13.

Shares of Transcontinental stock traded up C$1.19 during trading on Friday, reaching C$14.90. 686,087 shares of the company’s stock were exchanged, compared to its average volume of 140,806. The company has a debt-to-equity ratio of 85.94, a quick ratio of 1.33 and a current ratio of 2.28. Transcontinental has a 1-year low of C$13.11 and a 1-year high of C$22.42. The company has a market cap of $1.09 billion and a P/E ratio of 10.79. The firm’s 50-day moving average price is C$14.82 and its 200 day moving average price is C$14.84.

About Transcontinental

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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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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