Transcontinental (TCL.A) Price Target Cut to C$27.00 by Analysts at Royal Bank of Canada

Transcontinental (TSE:TCL.A) had its target price decreased by Royal Bank of Canada from C$29.00 to C$27.00 in a research note published on Monday morning. Royal Bank of Canada currently has an outperform rating on the stock.

TCL.A has been the topic of several other reports. BMO Capital Markets lowered their target price on shares of Transcontinental from C$30.00 to C$21.00 and set a market perform rating on the stock in a report on Friday, December 14th. Canaccord Genuity lowered their target price on shares of Transcontinental from C$28.00 to C$27.00 in a report on Friday, March 1st. Cormark lowered their target price on shares of Transcontinental from C$33.00 to C$31.00 in a report on Friday, December 14th. National Bank Financial lowered their target price on shares of Transcontinental from C$27.50 to C$25.00 and set an outperform rating on the stock in a report on Friday, December 14th. Finally, TD Securities raised shares of Transcontinental from a hold rating to a buy rating and lowered their target price for the stock from C$31.00 to C$29.00 in a report on Wednesday, November 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$26.50.

Shares of TCL.A stock opened at C$17.07 on Monday. The company has a debt-to-equity ratio of 89.41, a current ratio of 1.32 and a quick ratio of 0.85. The company has a market cap of $1.26 billion and a price-to-earnings ratio of 6.62. Transcontinental has a 12-month low of C$23.27 and a 12-month high of C$31.95.

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.

Featured Article: How the Consumer Price Index (CPI) is calculated?

Analyst Recommendations for Transcontinental (TSE:TCL.A)

Receive News & Ratings for Transcontinental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcontinental and related companies with MarketBeat.com's FREE daily email newsletter.