In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Transcontinentl A SV (TCL.A). The company received a Buy today from Canaccord Genuity’s analyst Aravinda Galappatthige.
According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of -0.2% and a 53.6% success rate. Galappatthige covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Shaw Communications Inc, and Thomson Reuters Corp.
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Currently, the analyst consensus on Transcontinentl A SV is a Moderate Buy with an average price target of C$26.60, a 37.3% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$30 price target.
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Based on Transcontinentl A SV’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of C$19.3 million. In comparison, last year the company had a net profit of C$73.4 million.
Transcontinental, Inc. engages in the provision of print and digital media, flexible packaging, and publishing services. It operates through the following business segments: Printing and Packaging Sector; Media Sector; and Head Office and Inter-Segment Eliminations.
The company’s shares closed on Friday at C$19.37, close to its 52-week low of C$19.08.
