Transcontinental (TSE:TCL.A) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.26 and traded as low as C$5.30. Transcontinental shares last traded at C$5.34, with a volume of 314,973 shares traded.

Wall Street Analyst Weigh In

TCL.A has been the subject of several analyst reports. BMO Capital Markets decreased their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada cut their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. ATB Cormark Capital Markets reduced their price target on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research note on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$14.38.

Transcontinental Stock Performance

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 firm has a 50 day moving average price of C$5.32 and a 200 day moving average price of C$12.26. The stock has a market cap of C$446.53 million, a PE ratio of 1.33, a price-to-earnings-growth ratio of 6.05 and a beta of 0.44.

Transcontinental (TSE:TCL.A) last released its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 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$269.20 million during the quarter. As a group, research analysts forecast that Transcontinental Inc. will post 2.439834 earnings per share 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.