Transcontinental (TSE:TCL.A) Stock Passes Above 200 Day Moving Average of $12.85

Shares of 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 C$12.85 and traded as high as C$14.14. Transcontinental shares last traded at C$13.93, with a volume of 115,483 shares.

Analyst Ratings Changes

Several analysts have commented on TCL.A shares. CIBC boosted their target price on shares of Transcontinental from C$16.00 to C$17.00 in a research report on Friday, March 15th. Cormark boosted their target price on shares of Transcontinental from C$21.50 to C$23.00 in a research report on Thursday, March 14th. National Bankshares boosted their target price on shares of Transcontinental from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, March 18th. BMO Capital Markets boosted their target price on shares of Transcontinental from C$14.00 to C$15.50 in a research report on Thursday, March 14th. Finally, Scotiabank set a C$19.50 price objective on shares of Transcontinental and gave the stock an “outperform” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Transcontinental currently has an average rating of “Moderate Buy” and a consensus price target of C$19.08.

Transcontinental Trading Up 0.2 %

The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 53.48. The company’s fifty day moving average is C$14.22 and its 200-day moving average is C$12.85. The firm has a market capitalization of C$1.02 billion, a P/E ratio of 12.22, a P/E/G ratio of 6.05 and a beta of 1.00.

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.