Transcontinental (TSE:TCL.A) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.23 and traded as high as C$17.87. Transcontinental shares last traded at C$17.64, with a volume of 203,363 shares changing hands.

Analysts Set New Price Targets

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

Transcontinental Stock Performance

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$1.26 billion, a PE ratio of 13.26, a P/E/G ratio of 6.05 and a beta of 0.98. The stock’s 50 day simple moving average is C$16.70 and its two-hundred day simple moving average is C$15.23.

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.