Transcontinental Inc. (TSE:TCL.A – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.62 and traded as high as C$17.66. Transcontinental shares last traded at C$17.49, with a volume of 91,984 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. CIBC upped their target price on shares of Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. BMO Capital Markets raised their target price on Transcontinental from C$16.50 to C$18.00 and gave the company a “market perform” rating in a report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Transcontinental has an average rating of “Moderate Buy” and an average target price of C$20.50.
Get Our Latest Stock Analysis on TCL.A
Transcontinental Price Performance
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.
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