Transcontinental Inc. (TSE:TCL.A - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.65 and traded as high as C$20.98. Transcontinental shares last traded at C$20.94, with a volume of 193,571 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms recently commented on TCL.A. TD Securities raised their price target 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 lifted their target price on shares of Transcontinental from C$20.00 to C$23.00 in a research note on Friday, June 6th. Scotiabank downgraded shares of Transcontinental from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from C$22.00 to C$23.25 in a research note on Friday, June 6th. Royal Bank Of Canada increased their price objective on Transcontinental from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, National Bankshares boosted their target price on Transcontinental from C$23.00 to C$24.00 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$23.71.
View Our Latest Research Report on TCL.A
Transcontinental Stock Performance
The firm's 50 day moving average price is C$20.14 and its 200-day moving average price is C$18.65. The firm has a market cap of C$1.49 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.
About Transcontinental
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Transcontinental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transcontinental wasn't on the list.
While Transcontinental currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
