Transcontinental (TSE:TCL.A) Stock Passes Above 200-Day Moving Average of $12.85

Transcontinental Inc. (TSE:TCL.A) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.85 and traded as high as C$14.14. Transcontinental shares last traded at C$13.93, with a volume of 115,483 shares trading hands.

Analysts Set New Price Targets

TCL.A has been the subject of a number of research analyst reports. Scotiabank set a C$19.50 price target on shares of Transcontinental and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. BMO Capital Markets increased their price target on Transcontinental from C$14.00 to C$15.50 in a report on Thursday, March 14th. National Bankshares lifted their price objective on Transcontinental from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, March 18th. Cormark increased their price objective on shares of Transcontinental from C$21.50 to C$23.00 in a research note on Thursday, March 14th. Finally, CIBC boosted their target price on shares of Transcontinental from C$16.00 to C$17.00 in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Transcontinental has an average rating of “Moderate Buy” and a consensus price target of C$19.08.

Transcontinental Trading Down 0.2 %

The company has a market capitalization of C$1.02 billion, a PE ratio of 12.19, a PEG ratio of 6.05 and a beta of 1.00. The stock has a fifty day moving average of C$14.23 and a 200 day moving average of C$12.87. The company has a debt-to-equity ratio of 53.48, a quick ratio of 1.09 and a current ratio of 2.16.

About Transcontinental

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.