Transcontinental (TSE:TCL.A) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.55 and traded as high as C$18.44. Transcontinental shares last traded at C$18.16, with a volume of 375,314 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets lifted their target price on Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. TD Securities set a C$23.00 price objective on Transcontinental and gave the stock a “buy” rating in a research note on Thursday, January 30th. CIBC raised their target price on Transcontinental from C$20.00 to C$21.00 in a research note on Monday, December 16th. Royal Bank of Canada upped their price target on shares of Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Finally, National Bankshares lifted their price objective on shares of Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Transcontinental presently has an average rating of “Moderate Buy” and an average price target of C$22.21.

Transcontinental Stock Down 2.0 %

The firm’s fifty day moving average is C$17.84 and its two-hundred day moving average is C$17.56. The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

Transcontinental Company Profile

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.