Transcontinental (OTCMKTS:TCLAF) Shares Down 0.3% – Here’s Why

Transcontinental Inc. (OTCMKTS:TCLAF)’s stock price fell 0.3% during mid-day trading on Monday . The stock traded as low as $17.13 and last traded at $17.13. 440 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 17,827 shares. The stock had previously closed at $17.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TCLAF shares. National Bank Financial reissued an “outperform” rating on shares of Transcontinental in a research note on Tuesday, December 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Transcontinental in a report on Friday, December 12th. Finally, Scotiabank reissued a “sector perform” rating on shares of Transcontinental in a research report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Transcontinental Trading Down 0.3%

The company’s 50-day moving average is $16.79 and its two-hundred day moving average is $15.21.

Transcontinental Company Profile

Transcontinental Inc is a Canada-based company specializing in printing and flexible packaging solutions. Through its print segment, the company provides commercial printing, specialty media and label products for a range of industries, including publishing, retail and healthcare. Its flexible packaging segment designs and manufactures printed and laminated films, pouches, wrappers and labels used primarily in food and beverage, personal care, home care and pharmaceutical markets.

Founded in 1976 by Rémi Marcoux, Transcontinental has evolved from a regional printing operation into one of North America’s largest printers and a leading flexible-packaging manufacturer.