Transcontinental (TSE:TCL.A) Stock Price Up 20% – Should You Buy?

Transcontinental Inc. (TSE:TCL.A) was up 20% during mid-day trading on Monday . The stock traded as high as C$25.65 and last traded at C$23.84. Approximately 907,545 shares changed hands during trading, an increase of 365% from the average daily volume of 195,178 shares. The stock had previously closed at C$19.87.

Analyst Ratings Changes

TCL.A has been the subject of several research analyst reports. Cormark decreased their price target on shares of Transcontinental from C$27.00 to C$26.00 in a research note on Monday, September 8th. Royal Bank Of Canada set a C$26.00 target price on Transcontinental and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, TD Securities boosted their target price on Transcontinental from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.32.

Transcontinental Price Performance

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 business’s fifty day moving average price is C$19.66 and its 200-day moving average price is C$20.08. The stock has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 6.05 and a beta of 0.79.

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.