Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$18.96 and last traded at C$18.96, with a volume of 33546 shares changing hands. The stock had previously closed at C$18.79.
Wall Street Analysts Forecast Growth
TCL.A has been the topic of several recent research reports. TD Securities set a C$23.00 target price on shares of Transcontinental and gave the company a "buy" rating in a research note on Thursday, January 30th. Scotiabank boosted their target price on Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. CIBC boosted their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. BMO Capital Markets lifted their price target on shares of Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price on Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Transcontinental has a consensus rating of "Moderate Buy" and a consensus target price of C$22.21.
Read Our Latest Stock Analysis on TCL.A
Transcontinental Stock Performance
The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 6.05 and a beta of 0.98. The stock has a 50-day moving average price of C$17.88 and a 200-day moving average price of C$17.67.
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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