Transcontinental (TSE:TCL.A) Shares Cross Above 200 Day Moving Average - Should You Sell?

Shares of Transcontinental Inc. (TSE:TCL.A - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.48 and traded as high as C$17.73. Transcontinental shares last traded at C$17.48, with a volume of 95,013 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TCL.A. BMO Capital Markets upped their price target on shares of Transcontinental from C$16.50 to C$18.00 and gave the company a "market perform" rating in a report on Friday, September 13th. CIBC raised their price objective on Transcontinental from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$20.50.

Transcontinental Trading Down 1.6 %

The company has a 50 day simple moving average of C$17.08 and a 200 day simple moving average of C$15.50. 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 stock has a market capitalization of C$1.23 billion, a PE ratio of 13.11, a P/E/G ratio of 6.05 and a beta of 0.98.

Transcontinental Company Profile

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.