Transcontinental (TSE:TCL.A) Stock Passes Above 200 Day Moving Average of $12.85

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.85 and traded as high as C$14.14. Transcontinental shares last traded at C$13.93, with a volume of 115,483 shares traded.

Analyst Ratings Changes

A number of analysts have recently commented on TCL.A shares. National Bankshares boosted their price objective on shares of Transcontinental from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, March 18th. CIBC boosted their price objective on shares of Transcontinental from C$16.00 to C$17.00 in a research report on Friday, March 15th. Cormark boosted their price objective on shares of Transcontinental from C$21.50 to C$23.00 in a research report on Thursday, March 14th. BMO Capital Markets boosted their price objective on shares of Transcontinental from C$14.00 to C$15.50 in a research report on Thursday, March 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Transcontinental from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$19.08.

Transcontinental Price Performance

The company has a debt-to-equity ratio of 53.48, a current ratio of 2.16 and a quick ratio of 1.09. The company’s 50-day simple moving average is C$14.22 and its 200-day simple moving average is C$12.85. The stock has a market capitalization of C$1.02 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 6.05 and a beta of 1.00.

About Transcontinental

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.