Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.84 and traded as high as C$20.56. Transcontinental shares last traded at C$20.38, with a volume of 191,212 shares trading hands.
Analyst Upgrades and Downgrades
TCL.A has been the subject of several research analyst reports. National Bankshares increased their target price on Transcontinental from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. TD Securities set a C$23.00 price objective on Transcontinental and gave the stock a "buy" rating in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$22.21.
Read Our Latest Stock Report on TCL.A
Transcontinental Price Performance
The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a 50 day moving average price of C$18.39 and a 200-day moving average price of C$17.92. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.
Transcontinental Company Profile
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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.
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