Transcontinental (TSE:TCL.A) Stock Passes Above 200-Day Moving Average of $12.75

Posted by ABMN Staff on Apr 11th, 2024

Transcontinental Inc. (TSE:TCL.A – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.75 and traded as high as C$14.11. Transcontinental shares last traded at C$13.93, with a volume of 133,170 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on TCL.A. CIBC increased their price objective on Transcontinental from C$16.00 to C$17.00 in a research note on Friday, March 15th. BMO Capital Markets increased their price target on shares of Transcontinental from C$14.00 to C$15.50 in a research report on Thursday, March 14th. Cormark boosted their price objective on shares of Transcontinental from C$21.50 to C$23.00 in a research report on Thursday, March 14th. Scotiabank set a C$19.50 price objective on shares of Transcontinental and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, National Bankshares lifted their price objective on Transcontinental from C$18.00 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.08.

Check Out Our Latest Analysis on TCL.A

Transcontinental Stock Down 1.1 %

The stock has a market capitalization of C$1.02 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 6.05 and a beta of 1.00. The company’s fifty day moving average price is C$14.17 and its 200-day moving average price is C$12.75. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 53.48.

Transcontinental Company Profile

(Get Free Report)

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.