Transcontinental (OTCMKTS:TCLAF) Shares Down 2% – What’s Next?

Transcontinental Inc. (OTCMKTS:TCLAF) shares traded down 2% on Tuesday . The stock traded as low as $13.50 and last traded at $13.50. 21,078 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 11,295 shares. The stock had previously closed at $13.77.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. CIBC reissued an “outperform” rating on shares of Transcontinental in a research report on Tuesday, September 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Transcontinental in a research report on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Transcontinental presently has an average rating of “Moderate Buy”.

Transcontinental Stock Performance

The business’s 50-day moving average is $14.30 and its two-hundred day moving average is $14.28.

About Transcontinental

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.