Shares of Transcontinental Inc. (TSE:TCL.A) have been given an average rating of “Hold” by the six research firms that are covering the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$18.75.
TCL.A has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of Transcontinental from C$21.50 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, September 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$14.00 price objective on shares of Transcontinental in a report on Wednesday, August 31st. CIBC raised shares of Transcontinental from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 16th. BMO Capital Markets decreased their price objective on shares of Transcontinental from C$20.50 to C$18.00 and set a “market perform” rating for the company in a report on Monday, June 13th. Finally, Canaccord Genuity decreased their price objective on shares of Transcontinental from C$19.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, June 13th.
Transcontinental Inc (TC Transcontinental) is a Canada-based company with operations in print and digital media, publishing and flexible packaging. The Company’s operating segments include the Printing and Packaging Sector, the Media Sector, and Head office and inter-segment eliminations. The Printing and Packaging Sector is engaged in the printing of retail flyers, magazines, newspapers, color books, and personalized and mass marketing products, and the production of flexible packaging solutions in the United States.
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