Transcontinental (TSE:TCL.A) Share Price Crosses Above 200-Day Moving Average of $16.44

Transcontinental Inc. (TSE:TCL.AGet Rating)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.44 and traded as high as C$16.80. Transcontinental shares last traded at C$16.27, with a volume of 58,231 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TCL.A. CIBC decreased their target price on Transcontinental from C$19.00 to C$18.00 in a research note on Friday, July 8th. Scotiabank decreased their target price on Transcontinental from C$23.50 to C$21.00 in a research note on Thursday, June 9th. Finally, BMO Capital Markets decreased their target price on Transcontinental from C$23.00 to C$21.00 in a research note on Thursday, June 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Transcontinental has an average rating of “Moderate Buy” and a consensus target price of C$22.17.

Transcontinental Trading Down 3.1 %

The company has a current ratio of 2.07, a quick ratio of 1.09 and a debt-to-equity ratio of 63.18. The firm has a fifty day simple moving average of C$16.51 and a two-hundred day simple moving average of C$16.44. The firm has a market cap of C$1.41 billion and a PE ratio of 11.79.

About Transcontinental

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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.

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