Shares of Transcontinental Inc. (TSE:TCL.A - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.43 and traded as high as C$18.25. Transcontinental shares last traded at C$18.18, with a volume of 142,198 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on TCL.A. National Bankshares upped their target price on shares of Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. BMO Capital Markets raised their price objective on Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. Scotiabank boosted their target price on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. CIBC raised their price target on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada lifted their price target on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Transcontinental has an average rating of "Moderate Buy" and a consensus target price of C$22.08.
Get Our Latest Research Report on TCL.A
Transcontinental Stock Up 1.9 %
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 firm has a 50 day simple moving average of C$17.42 and a two-hundred day simple moving average of C$16.43. The company has a market capitalization of C$1.32 billion, a PE ratio of 13.93, a P/E/G 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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