Free Trial

Transcontinental (TSE:TCL.A) Reaches New 52-Week High - Should You Buy?

Transcontinental logo with Consumer Cyclical background

Transcontinental Inc. (TSE:TCL.A - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$21.05 and last traded at C$20.80, with a volume of 157306 shares changing hands. The stock had previously closed at C$20.67.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD Securities lifted their price objective on Transcontinental from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Thursday. National Bankshares raised their target price on Transcontinental from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.21.

Get Our Latest Research Report on Transcontinental

Transcontinental Stock Performance

The stock has a fifty day moving average of C$18.61 and a 200-day moving average of C$18.04. 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 stock has a market capitalization of C$1.48 billion, a PE ratio of 15.59, 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.

Featured Stories

Should You Invest $1,000 in Transcontinental Right Now?

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

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Analysts Are Watching These 4 Penny Stocks—You Should Too
Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines