Transcontinental (TSE:TCL.A) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.66 and traded as high as C$23.25. Transcontinental shares last traded at C$23.10, with a volume of 300,166 shares changing hands.

Analysts Set New Price Targets

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

Transcontinental Stock Up 0.1%

The business has a fifty day moving average price of C$22.43 and a two-hundred day moving average price of C$20.66. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The company has a market cap of C$1.93 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 6.05 and a beta of 0.68.

Transcontinental (TSE:TCL.A) last announced its quarterly earnings data on Thursday, December 11th. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$732.40 million for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. On average, equities analysts predict that Transcontinental Inc. will post 2.439834 earnings per share for the current year.

About Transcontinental

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.