TD Securities cut shares of Transcontinental Inc. Class A (TSE:TCL.A) from a buy rating to a hold rating in a report released on Friday. They currently have C$31.00 price objective on the stock, down from their previous price objective of C$33.00.
A number of other equities research analysts have also weighed in on TCL.A. Canaccord Genuity reduced their price objective on Transcontinental Inc. Class A from C$29.00 to C$28.00 in a research report on Friday. National Bank Financial lowered Transcontinental Inc. Class A from an outperform rating to a sector perform rating and set a C$33.00 price objective on the stock. in a research report on Wednesday, June 20th. CIBC reduced their price objective on Transcontinental Inc. Class A from C$34.00 to C$33.00 in a research report on Friday. Royal Bank of Canada lifted 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. Finally, Scotiabank lifted their target price on Transcontinental Inc. Class A from C$29.00 to C$31.00 and gave the stock a sector perform rating in a report on Friday, June 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Transcontinental Inc. Class A presently has an average rating of Hold and a consensus target price of C$31.63.
TCL.A stock traded down C$2.66 during midday trading on Friday, reaching C$27.05. 789,999 shares of the stock were exchanged, 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.
About Transcontinental Inc. Class A
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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