Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price reached a new 52-week high 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.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. TD Securities set a C$23.00 target price on shares of Transcontinental and gave the stock a "buy" rating in a research report on Thursday, January 30th. Scotiabank boosted their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. National Bankshares boosted their price objective on shares of Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. Royal Bank of Canada boosted their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Finally, CIBC boosted their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$22.21.
Check Out Our Latest Analysis on Transcontinental
Transcontinental Trading Down 1.7 %
The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 6.05 and a beta of 0.98. The company's 50 day moving average is C$17.79 and its 200 day moving average is C$17.51. 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
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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.
Further Reading
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