Canaccord Genuity Cuts Transcontinental Inc. Class A (TSE:TCL.A) Price Target to C$28.00
Transcontinental Inc. Class A (TSE:TCL.A) had its price target decreased by research analysts at Canaccord Genuity from C$29.00 to C$28.00 in a research report issued to clients and investors on Friday, September 7th. Canaccord Genuity’s target price would indicate a potential upside of 16.76% from the stock’s current price.
A number of other research firms also recently commented on TCL.A. CIBC dropped their price objective on shares of Transcontinental Inc. Class A from C$34.00 to C$33.00 in a research note on Friday, September 7th. National Bank Financial decreased their target price on Transcontinental Inc. Class A from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Friday, September 7th. Royal Bank of Canada boosted their target price on Transcontinental Inc. Class A from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. TD Securities boosted their target price on Transcontinental Inc. Class A from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Finally, Cormark upped their price target on Transcontinental Inc. Class A from C$32.00 to C$34.50 in a report on Friday, June 8th.
Shares of Transcontinental Inc. Class A stock traded down C$0.50 on Friday, hitting C$23.98. The company’s stock had a trading volume of 445,816 shares, compared to its average volume of 140,806. Transcontinental Inc. Class A has a 52-week low of C$23.27 and a 52-week high of C$31.95.
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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