Transcontinental Inc. (TSE:TCL.A – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.14 and traded as low as C$10.95. Transcontinental shares last traded at C$10.95, with a volume of 92,930 shares.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TCL.A. Royal Bank of Canada reduced their price objective on Transcontinental from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, September 8th. CIBC dropped their target price on Transcontinental from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Finally, BMO Capital Markets dropped their target price on Transcontinental from C$17.00 to C$15.00 and set a “market perform” rating for the company in a report on Friday, September 8th.
Transcontinental Trading Down 0.6 %
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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