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Transcontinental (TSE:TCL.A) Reaches New 1-Year High - Here's What Happened

Transcontinental logo with Consumer Cyclical background

Transcontinental Inc. (TSE:TCL.A - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$21.77 and last traded at C$21.42, with a volume of 223132 shares. The stock had previously closed at C$21.38.

Analyst Ratings Changes

TCL.A has been the topic of several recent analyst reports. TD Securities increased their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. National Bankshares lifted their price target on Transcontinental from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Transcontinental has an average rating of "Moderate Buy" and an average price target of C$22.21.

Get Our Latest Analysis on Transcontinental

Transcontinental Price 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 firm has a market capitalization of C$1.52 billion, a PE ratio of 16.01, a PEG ratio of 6.05 and a beta of 0.98. The firm's fifty day simple moving average is C$18.98 and its 200-day simple moving average is C$18.24.

Transcontinental Company Profile

(Get Free Report)

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.

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