Transcontinental (TSE:TCL.A) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.55 and traded as high as C$18.44. Transcontinental shares last traded at C$18.16, with a volume of 375,314 shares.

Analyst Ratings Changes

TCL.A has been the subject of a number of research analyst reports. National Bankshares increased their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. Royal Bank of Canada increased their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. TD Securities set a C$23.00 target price on shares of Transcontinental and gave the company a “buy” rating in a report on Thursday, January 30th. Scotiabank increased their price target on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. Finally, BMO Capital Markets boosted their price objective on Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Trading Down 2.0 %

The company has a market capitalization of C$1.30 billion, a PE ratio of 13.65, a PEG ratio of 6.05 and a beta of 0.98. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The business’s 50-day simple moving average is C$17.84 and its two-hundred day simple moving average is C$17.56.

Transcontinental Company Profile

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.