Transcontinental (TSE:TCL.A) Stock Crosses Below 200-Day Moving Average – Here’s Why

Transcontinental Inc. (TSE:TCL.A)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.00 and traded as low as C$5.48. Transcontinental shares last traded at C$5.57, with a volume of 221,380 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada dropped their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. TD Securities decreased their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. ATB Cormark Capital Markets lowered their price target on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce dropped their price objective on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday, June 5th. Finally, BMO Capital Markets decreased their target price on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$14.38.

Transcontinental Trading Down 1.8%

The business has a 50-day simple moving average of C$5.31 and a two-hundred day simple moving average of C$12.88. The stock has a market cap of C$462.41 million, a price-to-earnings ratio of 1.38, a P/E/G ratio of 6.05 and a beta of 0.44. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

Transcontinental (TSE:TCL.A) last released its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The firm had revenue of C$269.20 million for the quarter. Equities analysts forecast that Transcontinental Inc. will post 2.439834 EPS for the current fiscal year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.