Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.76 and traded as high as C$17.95. Transcontinental shares last traded at C$17.89, with a volume of 147,992 shares trading hands.
Analysts Set New Price Targets
TCL.A has been the topic of several analyst reports. National Bankshares boosted their price target on shares of Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. BMO Capital Markets upped their target price on Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Royal Bank of Canada boosted their price target on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. CIBC upped their price objective on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. Finally, Scotiabank raised their target price 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 given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$22.08.
Read Our Latest Report on Transcontinental
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 stock has a 50-day moving average price of C$17.64 and a 200-day moving average price of C$16.79. The company has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 6.05 and a beta of 0.98.
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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