Transcontinental (TSE:TCL.A) Shares Pass Above Two Hundred Day Moving Average of $12.75

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.75 and traded as high as C$14.11. Transcontinental shares last traded at C$13.93, with a volume of 133,170 shares trading hands.

Wall Street Analyst Weigh In

TCL.A has been the subject of several recent research reports. National Bankshares raised their price target on Transcontinental from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, March 18th. CIBC boosted their target price on shares of Transcontinental from C$16.00 to C$17.00 in a research note on Friday, March 15th. Royal Bank of Canada raised their price target on shares of Transcontinental from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. BMO Capital Markets boosted their price objective 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 company an “outperform” rating in a research note 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$19.08.

Transcontinental Stock Down 1.1 %

The firm has a fifty day simple moving average of C$14.17 and a 200 day simple moving average of C$12.75. The company has a debt-to-equity ratio of 53.48, a quick ratio of 1.09 and a current ratio of 2.16. The company has a market cap of C$1.02 billion, a PE ratio of 12.22, a PEG ratio of 6.05 and a beta of 1.00.

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.