Transcontinental (TSE:TCL.A) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Transcontinental Inc. (TSE:TCL.A) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.27 and traded as high as C$23.36. Transcontinental shares last traded at C$23.24, with a volume of 328,448 shares traded.

Analysts Set New Price Targets

TCL.A has been the topic of several analyst reports. National Bank Financial lifted their target price on shares of Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Scotiabank boosted their target price on shares of Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada increased their target price on Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a report on Friday, December 12th. TD Securities raised their target price on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, BMO Capital Markets lifted their price target on Transcontinental from C$23.00 to C$27.00 in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$27.33.

Transcontinental Trading Down 0.5%

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 company has a 50-day moving average price of C$23.16 and a 200-day moving average price of C$21.29. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 6.05 and a beta of 0.74.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$0.82 earnings per share for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The business had revenue of C$732.40 million during the quarter. Research analysts predict that Transcontinental Inc. will post 2.439834 EPS for the current fiscal 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.