Transcontinental (TSE:TCL.A) Price Target Cut to C$8.00 by Analysts at Royal Bank Of Canada

Transcontinental (TSE:TCL.A) had its target price reduced by analysts at Royal Bank Of Canada from C$9.00 to C$8.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 57.79% from the stock’s previous close.

Several other brokerages have also issued reports on TCL.A. Canadian Imperial Bank of Commerce dropped their target price on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research report on Friday. BMO Capital Markets dropped their target price on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research report on Friday. ATB Cormark Capital Markets dropped their target price on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday. Finally, TD Securities dropped their target price on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and an average target price of C$14.38.

Transcontinental Price Performance

Shares of TCL.A stock traded up C$0.01 during trading hours on Monday, reaching C$5.07. The stock had a trading volume of 407,687 shares, compared to its average volume of 776,154. The stock’s fifty day simple moving average is C$5.37 and its 200 day simple moving average is C$16.21. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. Transcontinental has a 12 month low of C$4.16 and a 12 month high of C$25.65. The firm has a market capitalization of C$423.95 million, a PE ratio of 2.93, a PEG ratio of 6.05 and a beta of 0.48.

Transcontinental (TSE:TCL.A) last released its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The company had revenue of C$269.20 million during the quarter. On average, equities research analysts predict that Transcontinental will post 2.439834 EPS for the current year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.