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

Shares of Transcontinental Inc. (TSE:TCL.AGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.23 and traded as high as C$17.87. Transcontinental shares last traded at C$17.64, with a volume of 203,363 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TCL.A. CIBC raised their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. BMO Capital Markets raised their price objective on shares of Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, September 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$20.50.

Get Our Latest Stock Analysis on Transcontinental

Transcontinental Stock Performance

The company’s fifty day simple moving average is C$16.70 and its two-hundred day simple moving average is C$15.23. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98.

Transcontinental Company Profile

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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.

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