Shares of Transcontinental Inc. (TSE:TCL.A - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.29 and traded as high as C$17.50. Transcontinental shares last traded at C$17.39, with a volume of 83,942 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. TD Securities set a C$23.00 price objective on Transcontinental and gave the company a "buy" rating in a report on Thursday, January 30th. Scotiabank boosted their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. National Bankshares raised their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. CIBC boosted their target price on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada lifted their price objective on Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$22.21.
Read Our Latest Research Report on TCL.A
Transcontinental Stock Performance
The stock has a 50 day moving average price of C$18.04 and a two-hundred day moving average price of C$17.32. 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 company has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.
About Transcontinental
(
Get Free Report)
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.
Further Reading
Before you consider Transcontinental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transcontinental wasn't on the list.
While Transcontinental currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
