National Bank Financial Upgrades Transcontinental Inc. (TCL.A) to “Outperform”
National Bank Financial upgraded shares of Transcontinental Inc. (TSE:TCL.A) from a sector perform rating to an outperform rating in a report released on Friday morning. They currently have C$32.00 price objective on the stock, up from their prior price objective of C$26.00.
TCL.A has been the topic of several other research reports. BMO Capital Markets lifted their target price on Transcontinental from C$25.00 to C$26.00 and gave the company a market perform rating in a research note on Friday, September 8th. Royal Bank Of Canada raised their price target on Transcontinental from C$25.00 to C$26.00 and gave the stock a sector perform rating in a report on Wednesday, September 6th. CIBC raised their price target on Transcontinental from C$28.00 to C$29.00 in a report on Friday, September 8th. Canaccord Genuity raised their price target on Transcontinental from C$24.00 to C$25.00 in a report on Friday, September 8th. Finally, Scotiabank raised their price target on Transcontinental from C$24.00 to C$26.50 and gave the stock a sector perform rating in a report on Friday, September 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$27.42.
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Transcontinental Inc is a 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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