Transcontinental (TSE:TCL.A) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.62 and traded as high as C$17.66. Transcontinental shares last traded at C$17.49, with a volume of 91,984 shares.

Analyst Ratings Changes

TCL.A has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, September 13th. CIBC boosted their price target on shares of Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$20.50.

Transcontinental Stock Down 1.9 %

The company has a market cap of C$1.22 billion, a P/E ratio of 12.90, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a 50-day simple moving average of C$17.17 and a 200 day simple moving average of C$15.65. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12.

Transcontinental Company Profile

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.