Transcontinental (TSE:TCL.A) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.64 and traded as high as C$18.81. Transcontinental shares last traded at C$18.66, with a volume of 268,477 shares changing hands.

Wall Street Analyst Weigh In

TCL.A has been the subject of a number of recent research reports. Scotiabank increased their price objective on Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. National Bankshares raised their target price on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. Royal Bank of Canada boosted their price target on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. TD Securities set a C$23.00 price objective on shares of Transcontinental and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Stock Up 1.9 %

The firm’s 50-day simple moving average is C$17.94 and its two-hundred day simple moving average is C$17.64. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

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.