Transcontinental Inc. (TSE:TCL.A - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.75 and traded as high as C$14.11. Transcontinental shares last traded at C$13.93, with a volume of 133,170 shares traded.
Wall Street Analysts Forecast Growth
TCL.A has been the subject of a number of analyst reports. Cormark lifted their price objective on shares of Transcontinental from C$21.50 to C$23.00 in a research report on Thursday, March 14th. Royal Bank of Canada boosted their price target on Transcontinental from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Thursday, March 14th. CIBC raised their price objective on Transcontinental from C$16.00 to C$17.00 in a research report on Friday, March 15th. National Bankshares boosted their target price on Transcontinental from C$18.00 to C$18.50 and gave the stock an "outperform" rating in a report on Monday, March 18th. Finally, BMO Capital Markets raised their price target on Transcontinental from C$14.00 to C$15.50 in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$19.08.
Check Out Our Latest Analysis on TCL.A
Transcontinental Stock Performance
The stock has a 50 day moving average price of C$14.18 and a two-hundred day moving average price of C$12.76. The company has a market cap of C$1.04 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 6.05 and a beta of 1.00. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 53.48.
About Transcontinental
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Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
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