Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as C$21.06 and last traded at C$21.01, with a volume of 30861 shares changing hands. The stock had previously closed at C$20.84.
Wall Street Analyst Weigh In
Several brokerages recently commented on TCL.A. TD Securities lifted their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. National Bankshares lifted their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$22.21.
Check Out Our Latest Report on Transcontinental
Transcontinental Stock Performance
The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. 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's 50-day simple moving average is C$18.87 and its 200 day simple moving average is C$18.17.
About Transcontinental
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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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