Transcontinental (TSE:TCL.A) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Transcontinental Inc. (TSE:TCL.A) has crossed above its 200-day moving average, trading at C$19.21 with a high of C$19.35 during the day.
• Analysts have revised their price targets for Transcontinental, with predictions ranging from C$23.25 to C$26.00, and the stock currently holding a consensus rating of "Moderate Buy."
• The company operates in packaging, printing, and other segments, specializing in consumer goods, with a market capitalization of C$1.37 billion.

Transcontinental Inc. (TSE:TCL.A - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.08 and traded as high as C$19.35. Transcontinental shares last traded at C$19.21, with a volume of 97,651 shares trading hands.

Analyst Ratings Changes

TCL.A has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on Transcontinental from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. National Bankshares increased their price target on shares of Transcontinental from C$23.00 to C$24.00 and gave the stock 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 raised their target price for the company from C$22.00 to C$23.25 in a research note on Friday, June 6th. BMO Capital Markets boosted their target price on Transcontinental from C$20.00 to C$23.00 in a report on Friday, June 6th. Finally, TD Securities upped their price target on shares of Transcontinental from C$23.00 to C$26.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Transcontinental presently has an average rating of "Moderate Buy" and an average target price of C$23.71.

Transcontinental Stock Performance

The company has a market cap of C$1.38 billion, a P/E ratio of 14.57, 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. The business has a fifty day simple moving average of C$20.53 and a two-hundred day simple moving average of C$19.11.

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.