Transcontinental (TSE:TCL.A) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Transcontinental Inc. (TSE:TCL.A) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.73 and traded as high as C$17.16. Transcontinental shares last traded at C$17.00, with a volume of 82,031 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on TCL.A. BMO Capital Markets increased their price target on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, September 13th. CIBC increased their target price on Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.50.

Transcontinental Price Performance

The stock has a market capitalization of C$1.21 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The business has a fifty day simple moving average of C$17.21 and a 200 day simple moving average of C$15.73.

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.