Transcontinental (TSE:TCL.A) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.36 and traded as high as C$21.25. Transcontinental shares last traded at C$21.07, with a volume of 111,005 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TCL.A. TD Securities upped their price target on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a report on Friday, June 6th. Royal Bank of Canada boosted their target price on shares of Transcontinental from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. BMO Capital Markets raised their target price on shares of Transcontinental from C$20.00 to C$23.00 in a report on Friday, June 6th. Scotiabank lowered shares of Transcontinental from an "outperform" rating to a "sector perform" rating and lifted their price target for the stock from C$22.00 to C$23.25 in a research report on Friday, June 6th. Finally, National Bankshares upped their price target on Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Transcontinental presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.71.

Transcontinental Stock Performance

The firm's fifty day simple moving average is C$19.27 and its 200 day simple moving average is C$18.39. The company has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

Transcontinental Company Profile

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.