Transcontinental (TSE:TCL.A) Reaches New 52-Week High – Time to Buy?

Transcontinental Inc. (TSE:TCL.A)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$21.77 and last traded at C$21.42, with a volume of 223132 shares traded. The stock had previously closed at C$21.38.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TCL.A shares. TD Securities raised their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. National Bankshares raised their target price on shares of Transcontinental from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Stock Down 1.5%

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock’s fifty day simple moving average is C$19.04 and its 200-day simple moving average is C$18.26. The stock has a market cap of C$1.52 billion, a P/E ratio of 16.01, a PEG ratio of 6.05 and a beta of 0.98.

About Transcontinental

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.