Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s stock price crossed 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 traded.
Wall Street Analysts Forecast Growth
Several brokerages have commented on TCL.A. National Bankshares lifted their price objective 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. TD Securities lifted their price objective 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. Scotiabank cut shares of Transcontinental from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from C$22.00 to C$23.25 in a research note on Friday, June 6th. Royal Bank Of Canada lifted their price objective 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. Finally, BMO Capital Markets lifted their price objective on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$23.71.
Check Out Our Latest Analysis on Transcontinental
Transcontinental Price Performance
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 stock's 50-day simple moving average is C$19.71 and its two-hundred day simple moving average is C$18.53. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 6.05 and a beta of 0.98.
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.
Further Reading
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