Transcontinental (TSE:TCL.A) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Transcontinental Inc. (TSE:TCL.A) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.71 and traded as high as C$18.38. Transcontinental shares last traded at C$18.19, with a volume of 188,101 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities set a C$23.00 price target on shares of Transcontinental and gave the stock a “buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Transcontinental presently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Price Performance

The business has a 50 day simple moving average of C$17.71 and a 200-day simple moving average of C$17.71. The company has a market capitalization of C$1.30 billion, a P/E ratio of 13.68, a PEG ratio of 6.05 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

About Transcontinental

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.