Transcontinental (TSE:TCL.A) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.36 and traded as high as C$17.55. Transcontinental shares last traded at C$17.49, with a volume of 206,060 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TCL.A. Scotiabank upped their price objective on Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. CIBC upped their price target on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Royal Bank of Canada increased their price target on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$22.21.

Transcontinental Price 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 company’s fifty day moving average price is C$18.00 and its 200 day moving average price is C$17.36. The company has a market capitalization of C$1.25 billion, a P/E ratio of 13.15, a PEG 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.