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

Transcontinental Inc. (TSE:TCL.A) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.89 and traded as high as C$17.92. Transcontinental shares last traded at C$17.63, with a volume of 214,246 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TCL.A shares. CIBC boosted their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. National Bankshares increased their price target on Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. Scotiabank upped their price objective on Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. One 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, Transcontinental currently has an average rating of “Moderate Buy” and an average target price of C$22.08.

Transcontinental Trading Down 0.4 %

The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The stock has a market capitalization of C$1.25 billion, a P/E ratio of 13.20, a PEG ratio of 6.05 and a beta of 0.98. The firm’s 50-day simple moving average is C$17.68 and its 200 day simple moving average is C$16.91.

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.