Transcontinental Inc. (TSE:TCL.A - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.89 and traded as high as C$17.92. Transcontinental shares last traded at C$17.63, with a volume of 214,246 shares traded.
Analyst Upgrades and Downgrades
Several research firms recently commented on TCL.A. CIBC boosted their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. Royal Bank of Canada upped their price target on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. BMO Capital Markets upped their price target on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. National Bankshares upped their price target on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. Finally, Scotiabank upped their price target on shares of Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$22.08.
Check Out Our Latest Research Report on Transcontinental
Transcontinental Trading Down 0.4 %
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 firm has a market capitalization of C$1.25 billion, a PE ratio of 13.20, a P/E/G ratio of 6.05 and a beta of 0.98. The company's fifty day simple moving average is C$17.68 and its 200-day simple moving average is C$16.89.
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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