Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.36 and traded as high as C$17.55. Transcontinental shares last traded at C$17.49, with a volume of 206,060 shares.
Analysts Set New Price Targets
TCL.A has been the topic of a number of recent research reports. National Bankshares raised their target price on 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 research note on Friday, December 13th. Royal Bank of Canada upped their target price on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. CIBC increased their target price on shares of Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. Finally, TD Securities set a C$23.00 price target on shares of Transcontinental and gave the stock a "buy" rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.21.
Check Out Our Latest Stock Report on Transcontinental
Transcontinental Stock Performance
The company's 50-day moving average is C$18.00 and its two-hundred day moving average is C$17.39. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The company has a market cap of C$1.24 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.
Transcontinental Company Profile
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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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