Transcontinental (OTCMKTS:TCLAF) PT Lowered to C$19.00 at Royal Bank of Canada

Transcontinental (OTCMKTS:TCLAF – Get Rating) had its price objective lowered by equities researchers at Royal Bank of Canada from C$23.00 to C$19.00 in a research report issued on Thursday, The Fly reports.

Several other analysts also recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Transcontinental from C$21.00 to C$20.00 in a research report on Wednesday, December 14th. National Bank Financial downgraded shares of Transcontinental from an “outperform” rating to a “sector perform” rating in a research report on Wednesday.

Transcontinental Stock Performance

Shares of OTCMKTS:TCLAF opened at $9.26 on Thursday. Transcontinental has a twelve month low of $9.25 and a twelve month high of $14.73. The firm has a 50 day simple moving average of $11.20 and a 200-day simple moving average of $11.77.

About Transcontinental

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Transcontinental, Inc engages in the provision of print and digital media, flexible packaging, and publishing services. It operates through the following business segments: Printing Sector, Packaging Sector, and Other. The Printing Sector offers premedia services, flyer and in-store marketing product printing, door-to-door distribution, print solutions, and personalized and mass marketing products.