Transcontinental (TSE:TCL.A) Shares Cross Above 200 Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.84 and traded as high as C$20.56. Transcontinental shares last traded at C$20.38, with a volume of 191,212 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TCL.A. National Bankshares boosted their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Securities set a C$23.00 price objective on shares of Transcontinental and gave the stock a “buy” rating in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s 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 Stock Performance

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The company’s fifty day simple moving average is C$18.18 and its two-hundred day simple moving average is C$17.86. The stock has a market cap of C$1.45 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 6.05 and a beta of 0.98.

About Transcontinental

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.