Transcontinental (TSE:TCL.A) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.97 and traded as high as C$23.67. Transcontinental shares last traded at C$23.57, with a volume of 123,472 shares.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Securities boosted their price target on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. BMO Capital Markets upped their target price on Transcontinental from C$23.00 to C$27.00 in a research report on Tuesday, December 9th. Scotiabank raised their price target on shares of Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada lifted their price target on shares of Transcontinental from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, National Bank Financial increased their price objective on shares of Transcontinental from C$24.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Transcontinental has a consensus rating of “Moderate Buy” and an average price target of C$27.33.

Transcontinental Trading Up 0.2%

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The business’s fifty day simple moving average is C$23.08 and its 200 day simple moving average is C$20.97. The stock has a market cap of C$1.97 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 6.05 and a beta of 0.78.

Transcontinental (TSE:TCL.A) last issued its earnings results on Thursday, December 11th. The company reported C$0.82 earnings per share for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The company had revenue of C$732.40 million for the quarter. On average, research analysts predict that Transcontinental Inc. will post 2.439834 EPS for the current year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.