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

Key Points

• Transcontinental Inc.'s stock has recently surpassed its 200-day moving average, trading as high as C$20.35, with its last recorded price at C$20.16.
• Analyst ratings are largely positive, with several firms increasing their target prices, leading to an average target price of C$23.71 and a consensus rating of "Moderate Buy."
• The company operates as a Canadian printer and flexible packaging provider, focusing on packaging, printing, and other segments in its business model.

Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.99 and traded as high as C$20.35. Transcontinental shares last traded at C$20.16, with a volume of 167,850 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. 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 cut Transcontinental from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from C$22.00 to C$23.25 in a report on Friday, June 6th. TD Securities increased their target price on Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a research note on Friday, June 6th. National Bankshares raised their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, Royal Bank Of Canada lifted their price target on shares of Transcontinental from C$24.00 to C$25.00 and gave the stock an "outperform" 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 company's stock. According to MarketBeat.com, Transcontinental currently has an average rating of "Moderate Buy" and an average target price of C$23.71.

Transcontinental Stock Down 0.5%

The company's 50 day moving average price is C$20.80 and its two-hundred day moving average price is C$18.99. The stock has a market cap of C$1.44 billion, a P/E ratio of 15.16, a P/E/G 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.

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.

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