Transcontinental (TSE:TCL.A) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$5.30 and traded as high as C$5.69. Transcontinental shares last traded at C$5.39, with a volume of 582,804 shares traded.

Wall Street Analyst Weigh In

TCL.A has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a report on Friday, June 5th. Royal Bank Of Canada decreased their price objective on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, June 8th. ATB Cormark Capital Markets lowered their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce lowered their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research report on Friday, June 5th. Finally, TD Securities cut their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Transcontinental presently has an average rating of “Moderate Buy” and a consensus target price of C$14.38.

Transcontinental Stock Down 0.6%

The firm has a market cap of C$448.20 million, a price-to-earnings ratio of 1.34, a price-to-earnings-growth ratio of 6.05 and a beta of 0.44. The stock’s 50 day moving average is C$5.30 and its 200 day moving average is C$13.48. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

Transcontinental (TSE:TCL.A) last released its earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$269.20 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. Analysts forecast that Transcontinental Inc. will post 2.439834 EPS for the current year.

Transcontinental Company Profile

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.