Transcontinental Inc. (TSE:TCL.A - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.08 and traded as high as C$18.41. Transcontinental shares last traded at C$18.29, with a volume of 1,541,912 shares trading hands.
Wall Street Analysts Forecast Growth
TCL.A has been the subject of a number of research analyst reports. CIBC increased their target price on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. National Bankshares lifted their target price on shares of Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. TD Securities set a C$23.00 price objective on Transcontinental and gave the stock a "buy" rating in a research note on Thursday. BMO Capital Markets raised their target price on Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Finally, Scotiabank increased their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$22.21.
Read Our Latest Stock Analysis on Transcontinental
Transcontinental Stock Performance
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 company's 50-day moving average is C$17.90 and its two-hundred day moving average is C$17.10. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 14.05, a P/E/G ratio of 6.05 and a beta of 0.98.
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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