Transcontinental (OTCMKTS:TCLAF) Trading Up 0.3% – Still a Buy?

Transcontinental Inc. (OTCMKTS:TCLAF) was up 0.3% on Thursday . The company traded as high as $14.53 and last traded at $14.53. Approximately 2,615 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 12,562 shares. The stock had previously closed at $14.49.

Analysts Set New Price Targets

A number of analysts recently weighed in on TCLAF shares. CIBC restated an “outperform” rating on shares of Transcontinental in a report on Monday, June 9th. BMO Capital Markets restated a “market perform” rating on shares of Transcontinental in a report on Friday, June 6th. Finally, National Bankshares restated an “outperform” rating on shares of Transcontinental in a report on Tuesday, May 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Transcontinental presently has a consensus rating of “Moderate Buy”.

Transcontinental Trading Up 0.3%

The stock’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $13.83.

Transcontinental Company Profile

Transcontinental Inc engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.