Transcontinental (TSE:TCL.A) Stock Crosses Above 200 Day Moving Average of $0.00

Transcontinental Inc. (TSE:TCL.A) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $14.56. Transcontinental shares last traded at $14.42, with a volume of 55,693 shares trading hands.

Several equities research analysts have recently commented on TCL.A shares. TD Securities lowered their target price on Transcontinental from C$25.00 to C$22.00 and set a “buy” rating for the company in a research note on Friday, June 7th. CIBC restated a “hold” rating on shares of Just Energy Group in a research report on Friday, June 7th. National Bank Financial reduced their price target on Transcontinental from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. Canaccord Genuity reduced their price target on Transcontinental from C$27.00 to C$21.00 in a research report on Friday, June 7th. Finally, Royal Bank of Canada set a $184.00 price target on Jazz Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$23.81.

The company has a debt-to-equity ratio of 87.44, a current ratio of 1.33 and a quick ratio of 0.84. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 9.31. The company has a 50-day simple moving average of C$14.72.

About Transcontinental (TSE:TCL.A)

Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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