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

Transcontinental Inc. (TSE:TCL.A) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.29 and traded as high as C$17.50. Transcontinental shares last traded at C$17.39, with a volume of 83,942 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TCL.A shares. Royal Bank of Canada increased their price objective on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. CIBC raised their price target on Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. BMO Capital Markets raised their price target on Transcontinental from C$18.00 to C$20.00 in a report on Friday, December 13th. TD Securities set a C$23.00 price target on Transcontinental and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank raised their price target on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 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, Transcontinental currently has an average rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Trading Up 0.9 %

The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market capitalization of C$1.24 billion, a PE ratio of 13.08, a PEG ratio of 6.05 and a beta of 0.98. The stock has a 50-day moving average price of C$18.05 and a two-hundred day moving average price of C$17.30.

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.