CIBC Increases Transcontinental (TCL.A) Price Target to C$34.00

Transcontinental (TSE:TCL.A) had its price objective increased by research analysts at CIBC from C$30.00 to C$34.00 in a research report issued on Monday. CIBC’s target price suggests a potential upside of 26.72% from the company’s current price.

Several other research firms also recently weighed in on TCL.A. National Bank Financial lifted their target price on shares of Transcontinental from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, March 2nd. Canaccord Genuity raised their price target on shares of Transcontinental from C$25.00 to C$27.00 in a report on Friday, March 2nd. Finally, Royal Bank of Canada upgraded shares of Transcontinental from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$29.00 to C$30.00 in a report on Friday, April 20th.

Transcontinental stock opened at C$26.83 on Monday. Transcontinental has a fifty-two week low of C$23.27 and a fifty-two week high of C$31.95.

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About Transcontinental

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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