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Transcontinental ( ($TSE:TCL.A) ) has provided an update.
TC Transcontinental has acquired Mirazed Inc. and Intergraphics Decal Limited from Canva Group to enhance its in-store marketing segment. This move, following a recent acquisition of Middleton Group, strengthens its leadership in in-store marketing, expanding its capabilities in Quebec and Western Canada. The acquisition aims to accelerate growth in this sector, which generated over $200 million in revenue last fiscal year, leveraging a network of over 1,200 employees across Canada.
The most recent analyst rating on ($TSE:TCL.A) stock is a Buy with a C$23.00 price target. To see the full list of analyst forecasts on Transcontinental stock, see the TSE:TCL.A Stock Forecast page.
Spark’s Take on TSE:TCL.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:TCL.A is a Neutral.
Transcontinental’s stock score is driven by its strong valuation and stable financial performance. The company’s strategic acquisition and positive earnings call sentiment further support its potential. However, technical indicators suggest short-term bearish trends, and challenges in the Packaging sector pose risks. The high dividend yield and low P/E ratio make it attractive for value and income investors.
To see Spark’s full report on TSE:TCL.A stock, click here.
More about Transcontinental
TC Transcontinental is a prominent player in North America’s flexible packaging industry and Canada’s retail services, recognized as the country’s largest printer. It also leads in Canadian French language educational publishing. Established in 1976, the company is committed to creating quality products and services that help businesses attract and retain customers, emphasizing respect, teamwork, performance, and innovation. With a workforce of approximately 7,600 employees, primarily in Canada, the U.S., and Latin America, TC Transcontinental reported revenues of $2.8 billion for the fiscal year ending October 27, 2024.
Average Trading Volume: 166,114
Technical Sentiment Signal: Buy
Current Market Cap: C$1.62B
For a thorough assessment of TCL.A stock, go to TipRanks’ Stock Analysis page.