National Bankshares Raises Transcontinental (TSE:TCL.A) Price Target to C$23.00

Transcontinental (TSE:TCL.A) had its target price hoisted by stock analysts at National Bankshares from C$21.00 to C$23.00 in a report issued on Friday,BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 26.72% from the stock’s current price.

TCL.A has been the subject of several other reports. Royal Bank of Canada raised their target price on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday. BMO Capital Markets raised their target price on shares of Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, September 13th. Scotiabank lifted their price target on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday. Finally, CIBC lifted their price target on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Transcontinental has an average rating of “Moderate Buy” and an average price target of C$21.75.

Transcontinental Trading Up 0.8 %

Shares of TSE:TCL.A traded up C$0.15 on Friday, hitting C$18.15. The company had a trading volume of 167,905 shares, compared to its average volume of 151,822. The firm’s 50-day simple moving average is C$17.37 and its two-hundred day simple moving average is C$16.19. Transcontinental has a 1 year low of C$11.85 and a 1 year high of C$18.85. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 6.05 and a beta of 0.98.

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.