Transcontinental (TSE:TCL.A) Stock Passes Above 200-Day Moving Average of $12.97

Posted by Linda Flegge on Apr 27th, 2024

Shares of Transcontinental Inc. (TSE:TCL.A – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.97 and traded as high as C$14.63. Transcontinental shares last traded at C$14.01, with a volume of 110,608 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Transcontinental from C$14.00 to C$15.50 in a research report on Thursday, March 14th. CIBC increased their price target on Transcontinental from C$16.00 to C$17.00 in a research report on Friday, March 15th. Scotiabank set a C$19.50 price target on Transcontinental and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Royal Bank of Canada increased their price target on Transcontinental from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, National Bankshares increased their price target on Transcontinental from C$18.00 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$19.08.

View Our Latest Research Report on TCL.A

Transcontinental Stock Down 4.2 %

The company has a debt-to-equity ratio of 53.48, a quick ratio of 1.09 and a current ratio of 2.16. The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 6.05 and a beta of 1.00. The firm has a 50-day moving average price of C$14.30 and a two-hundred day moving average price of C$12.97.

About Transcontinental

(Get Free Report)

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.