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

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.

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

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.