Transcontinental (TSE:TCL.A) Reaches New 12-Month High – Should You Buy?

Transcontinental Inc. (TSE:TCL.A)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$18.90 and last traded at C$18.86, with a volume of 6335 shares traded. The stock had previously closed at C$18.71.

Wall Street Analyst Weigh In

TCL.A has been the subject of several recent research reports. National Bankshares increased their price objective on Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. Royal Bank of Canada increased their price objective on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. CIBC raised their target price on Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. TD Securities set a C$23.00 target price on Transcontinental and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank raised their target price on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Transcontinental has a consensus rating of “Moderate Buy” and a consensus target price of C$22.21.

Transcontinental Trading Down 0.5 %

The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a 50-day moving average price of C$17.78 and a 200-day moving average price of C$17.49. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

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.