Transcontinental (TSE:TCL.A) Share Price Crosses Above Two Hundred Day Moving Average of $12.97

Transcontinental Inc. (TSE:TCL.A) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.97 and traded as high as C$14.63. Transcontinental shares last traded at C$14.01, with a volume of 110,608 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Transcontinental from C$14.00 to C$15.50 in a report on Thursday, March 14th. Scotiabank set a C$19.50 target price on shares of Transcontinental and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Cormark increased their target price on shares of Transcontinental from C$21.50 to C$23.00 in a report on Thursday, March 14th. National Bankshares increased their target price on shares of Transcontinental from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, March 18th. Finally, Royal Bank of Canada increased their target price on shares of Transcontinental from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$19.08.

Transcontinental Price Performance

The company has a market capitalization of C$1.03 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 6.05 and a beta of 1.00. The company’s 50-day moving average price is C$14.30 and its two-hundred day moving average price is C$12.98. The company has a debt-to-equity ratio of 53.48, a current ratio of 2.16 and a quick ratio of 1.09.

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.