Transcontinental (TSE:TCL.A) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Transcontinental Inc. shares have surpassed their 200-day moving average during trading, reaching a high of C$19.83 and last trading at C$19.78.
• A report from TD Securities upgraded the stock's target price from C$23.00 to C$26.00, maintaining a "buy" rating, while other analysts also raised their price targets, indicating a generally positive outlook.
• Transcontinental has a market capitalization of C$1.41 billion with an average rating of "Moderate Buy" and a consensus target price of C$23.71 according to MarketBeat.com.

Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.14 and traded as high as C$19.83. Transcontinental shares last traded at C$19.78, with a volume of 64,831 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. National Bankshares lifted their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Royal Bank Of Canada lifted their price target on shares of Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Scotiabank downgraded shares of Transcontinental from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from C$22.00 to C$23.25 in a research note on Friday, June 6th. BMO Capital Markets lifted their price target on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Finally, TD Securities lifted their price target on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Transcontinental currently has a consensus rating of "Moderate Buy" and an average target price of C$23.71.

Transcontinental Trading Up 0.8%

The company has a market capitalization of C$1.40 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company's fifty day moving average is C$20.31 and its 200-day moving average is C$19.16. 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.