Transcontinental Inc. (TSE:TCL.A - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.62 and traded as high as C$17.66. Transcontinental shares last traded at C$17.49, with a volume of 91,984 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Transcontinental from C$16.50 to C$18.00 and gave the company a "market perform" rating in a report on Friday, September 13th. CIBC upped their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.50.
Read Our Latest Analysis on Transcontinental
Transcontinental Stock Performance
The firm has a market capitalization of C$1.22 billion, a P/E ratio of 12.90, a PEG ratio of 6.05 and a beta of 0.98. The company has a 50-day simple moving average of C$17.17 and a two-hundred day simple moving average of C$15.65. 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
(
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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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