Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.53 and traded as high as C$21.06. Transcontinental shares last traded at C$20.90, with a volume of 54,770 shares.
Analysts Set New Price Targets
Several analysts recently issued reports on TCL.A shares. TD Securities upped their price objective on shares of Transcontinental from C$23.00 to C$26.00 and gave the stock a "buy" rating in a report on Friday, June 6th. BMO Capital Markets boosted their target price on shares of Transcontinental from C$20.00 to C$23.00 in a research report on Friday, June 6th. Scotiabank downgraded Transcontinental from an "outperform" rating to a "sector perform" rating and raised their price target for the company from C$22.00 to C$23.25 in a research report on Friday, June 6th. National Bankshares lifted their price objective on Transcontinental from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, Royal Bank Of Canada increased their target price on Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$23.71.
Read Our Latest Stock Report on TCL.A
Transcontinental Stock Performance
The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The firm's 50-day moving average price is C$19.93 and its two-hundred day moving average price is C$18.59. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.
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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