Transcontinental Inc. (TSE:TCL.A - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.55 and traded as high as C$18.44. Transcontinental shares last traded at C$18.16, with a volume of 375,314 shares trading hands.
Analysts Set New Price Targets
TCL.A has been the subject of a number of research analyst reports. CIBC upped their target price on Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Royal Bank of Canada upped their price objective on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. TD Securities set a C$23.00 target price on Transcontinental and gave the stock a "buy" rating in a report on Thursday, January 30th. BMO Capital Markets raised their price objective on shares of Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. Finally, Scotiabank lifted their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Transcontinental has an average rating of "Moderate Buy" and a consensus price target of C$22.21.
Read Our Latest Report on Transcontinental
Transcontinental Trading Up 1.8 %
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 stock has a market cap of C$1.32 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a fifty day simple moving average of C$17.85 and a 200-day simple moving average of C$17.58.
Transcontinental Company Profile
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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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