Transcontinental Inc. (TSE:TCL.A - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.37 and traded as high as C$20.54. Transcontinental shares last traded at C$20.46, with a volume of 97,098 shares traded.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TCL.A. TD Securities lifted their target price on Transcontinental from C$26.00 to C$27.00 and gave the stock a "buy" rating in a research report on Monday. Cormark decreased their target price on Transcontinental from C$27.00 to C$26.00 in a research report on Monday. National Bankshares lifted their target price on Transcontinental from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Scotiabank downgraded Transcontinental from an "outperform" rating to a "sector perform" rating and lifted their target price for the stock from C$22.00 to C$23.25 in a research report on Friday, June 6th. Finally, BMO Capital Markets lifted their target price on Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$24.18.
Get Our Latest Analysis on TCL.A
Transcontinental Trading Down 0.8%
The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 6.05 and a beta of 0.79. The company has a 50 day moving average price of C$20.03 and a two-hundred day moving average price of C$19.45.
About Transcontinental
(
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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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