Transcontinental (TSE:TCL.A) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Transcontinental Inc. (TSE:TCL.A) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

TCL.A has been the subject of a number of analyst reports. Scotiabank boosted their price target on Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 9th. BMO Capital Markets upped their price objective on shares of Transcontinental from C$23.00 to C$27.00 in a report on Tuesday, December 9th. Royal Bank Of Canada increased their target price on shares of Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. TD Securities boosted their price target on shares of Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research 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 stock an “outperform” rating 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 stock. Based on data from MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.33.

Transcontinental Trading Up 0.1%

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 firm’s 50-day simple moving average is C$22.43 and its 200 day simple moving average is C$20.67. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 11.32, a PEG ratio of 6.05 and a beta of 0.68.

Transcontinental (TSE:TCL.A) last released its earnings results on Thursday, December 11th. The company reported C$0.52 EPS 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$732.40 million for the quarter. Equities research analysts anticipate that Transcontinental Inc. will post 2.439834 EPS for the current fiscal 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.