Transcontinental (TSE:TCL.A) Stock Passes Above 200-Day Moving Average of $14.73

Transcontinental Inc. (TSE:TCL.A) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.73 and traded as high as C$16.79. Transcontinental shares last traded at C$16.79, with a volume of 247,605 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TCL.A. National Bankshares boosted their target price on Transcontinental from C$18.50 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. CIBC upped their price objective on shares of Transcontinental from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. BMO Capital Markets increased their target price on shares of Transcontinental from C$15.50 to C$16.50 in a report on Friday, June 7th. Cormark boosted their price target on shares of Transcontinental from C$23.00 to C$23.50 in a research note on Friday, June 7th. Finally, Royal Bank of Canada raised their price objective on Transcontinental from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Transcontinental currently has a consensus rating of “Moderate Buy” and an average target price of C$20.08.

Transcontinental Stock Up 1.1 %

The company has a market capitalization of C$1.23 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 53.50. The stock’s fifty day moving average is C$15.81 and its 200 day moving average is C$14.73.

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.