Transcontinental Inc. (TSE:TCL.A - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.21 and traded as high as C$18.49. Transcontinental shares last traded at C$18.02, with a volume of 201,714 shares trading hands.
Analysts Set New Price Targets
TCL.A has been the subject of several analyst reports. 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. CIBC upped their price target on shares of Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. BMO Capital Markets upped their price objective on shares of Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. Royal Bank of Canada upped their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Finally, National Bankshares upped their price objective on shares of Transcontinental from C$21.00 to C$23.00 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$22.21.
Check Out Our Latest Research Report on TCL.A
Transcontinental Price Performance
The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of C$1.27 billion, a PE ratio of 13.39, a P/E/G ratio of 6.05 and a beta of 0.98. The business has a 50 day moving average price of C$18.07 and a two-hundred day moving average price of C$17.24.
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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