Transcontinental Inc. (TSE:TCL.A - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.64 and traded as high as C$18.81. Transcontinental shares last traded at C$18.66, with a volume of 268,477 shares trading hands.
Analyst Ratings Changes
Several analysts have commented on the stock. TD Securities set a C$23.00 target price on shares of Transcontinental and gave the stock a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. CIBC boosted their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Scotiabank increased their target price on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. Finally, BMO Capital Markets lifted their price target on Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$22.21.
Get Our Latest Analysis on Transcontinental
Transcontinental Price Performance
The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 6.05 and a beta of 0.98. The company's fifty day moving average is C$17.88 and its 200 day moving average is C$17.66. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.
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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