Transcontinental (TSE:TCL.A) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.30 and traded as high as C$5.69. Transcontinental shares last traded at C$5.39, with a volume of 582,804 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. BMO Capital Markets lowered their price objective on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday, June 5th. TD Securities lowered their price objective on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a report on Friday, June 5th. Finally, ATB Cormark Capital Markets reduced their target price on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.38.

Transcontinental Stock Performance

The business’s fifty day moving average price is C$5.30 and its 200-day moving average price is C$13.73. 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 stock has a market capitalization of C$450.71 million, a PE ratio of 1.35, a P/E/G ratio of 6.05 and a beta of 0.44.

Transcontinental (TSE:TCL.A) last posted its earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The business had revenue of C$269.20 million for the quarter. As a group, equities research analysts expect that Transcontinental Inc. will post 2.439834 EPS for the current year.

Transcontinental Company Profile

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.