Transcontinental (TSE:TCL.A) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$20.55 and traded as high as C$23.10. Transcontinental shares last traded at C$22.99, with a volume of 328,788 shares traded.

Wall Street Analyst Weigh In

TCL.A has been the topic of a number of recent analyst reports. TD Securities increased 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. National Bankshares increased their target price on Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada lifted their price target on Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Scotiabank upped their price objective on shares of Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 9th. Finally, BMO Capital Markets raised their target price on shares of Transcontinental from C$23.00 to C$27.00 in a research report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$27.33.

Transcontinental Trading Up 0.7%

The business has a fifty day moving average price of C$22.04 and a 200 day moving average price of C$20.55. The company has a market capitalization of C$1.92 billion, a PE ratio of 11.27, a P/E/G ratio of 6.05 and a beta of 0.68. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

Transcontinental (TSE:TCL.A) last issued its earnings results on Thursday, December 11th. The company reported C$0.52 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The business had revenue of C$732.40 million during the quarter. Analysts expect that Transcontinental Inc. will post 2.439834 EPS for the current fiscal year.

About Transcontinental

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.