Shares of Transcontinental Inc. (TSE:TCL.A - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.92 and traded as high as C$20.41. Transcontinental shares last traded at C$20.34, with a volume of 151,114 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently commented on TCL.A shares. Scotiabank downgraded Transcontinental from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from C$22.00 to C$23.25 in a research note on Friday, June 6th. National Bankshares raised their price objective on Transcontinental from C$23.00 to C$24.00 and gave the company an "outperform" rating in a report on Friday, June 6th. TD Securities upped their price target on shares of Transcontinental from C$23.00 to C$26.00 and gave the company a "buy" rating in a research report on Friday, June 6th. BMO Capital Markets raised their price target on shares of Transcontinental from C$20.00 to C$23.00 in a report on Friday, June 6th. Finally, Royal Bank Of Canada upped their target price on Transcontinental from C$24.00 to C$25.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$23.71.
Check Out Our Latest Stock Analysis on TCL.A
Transcontinental Price Performance
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 stock has a 50 day moving average of C$20.81 and a 200-day moving average of C$18.92. The company has a market cap of C$1.45 billion, a PE ratio of 15.29, a price-to-earnings-growth 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.
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