Transcontinental (TSE:TCL.A) Trading Up 11.6% – Should You Buy?

Shares of Transcontinental Inc. (TSE:TCL.A) traded up 11.6% on Tuesday . The company traded as high as C$5.53 and last traded at C$5.38. 1,204,112 shares were traded during trading, an increase of 52% from the average session volume of 790,629 shares. The stock had previously closed at C$4.82.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Scotiabank lifted their price target 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 increased their price objective on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada lifted their target price on Transcontinental from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. National Bank Financial boosted their target price 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. Finally, BMO Capital Markets upped their price target on shares of Transcontinental from C$23.00 to C$27.00 in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$27.33.

Transcontinental Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The stock has a market capitalization of C$460.74 million, a price-to-earnings ratio of 3.18, a P/E/G ratio of 6.05 and a beta of 0.74. The business’s 50 day simple moving average is C$22.89 and its 200-day simple moving average is C$21.42.

Transcontinental (TSE:TCL.A) last issued its earnings results on Tuesday, March 10th. The company reported C$0.08 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The company had revenue of C$263.50 million during the quarter. On average, research analysts forecast 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.