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

Transcontinental Inc. (TSE:TCL.A)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.64 and traded as high as C$18.81. Transcontinental shares last traded at C$18.66, with a volume of 268,477 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TCL.A shares. Royal Bank of Canada boosted their price objective on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. TD Securities set a C$23.00 price target on shares of Transcontinental and gave the company a “buy” rating in a report on Thursday, January 30th. Scotiabank increased their price objective on shares of Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Finally, National Bankshares increased their price objective on Transcontinental from C$21.00 to C$23.00 in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$22.21.

Transcontinental Price Performance

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 cap of C$1.34 billion, a PE ratio of 14.15, a PEG ratio of 6.05 and a beta of 0.98. The stock has a 50 day moving average of C$17.95 and a two-hundred day moving average of C$17.65.

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.