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

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.64 and traded as high as C$18.81. Transcontinental shares last traded at C$18.66, with a volume of 268,477 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on TCL.A. Royal Bank of Canada boosted their price target on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. National Bankshares upped their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. BMO Capital Markets raised their price target on shares of Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. TD Securities set a C$23.00 price objective on shares of Transcontinental and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, CIBC raised their target price on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. One 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.21.

Transcontinental Trading Up 0.2 %

The company has a market cap of C$1.34 billion, a P/E ratio of 14.15, a P/E/G ratio of 6.05 and a beta of 0.98. The business has a fifty day simple moving average of C$17.95 and a 200 day simple moving average of C$17.65. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

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.