Transcontinental (TSE:TCL.A) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.76 and traded as high as C$17.95. Transcontinental shares last traded at C$17.89, with a volume of 147,992 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on TCL.A. CIBC upped their price objective on Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. Royal Bank of Canada upped their price objective on Transcontinental from C$22.00 to C$23.00 in a research report on Tuesday, December 10th. Scotiabank upped their price objective on Transcontinental from C$19.50 to C$22.00 in a research report on Friday, December 13th. BMO Capital Markets upped their price objective on Transcontinental from C$18.00 to C$20.00 in a research report on Friday, December 13th. Finally, National Bankshares increased their target price on Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Transcontinental presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.08.

Transcontinental Price Performance

The company has a 50-day moving average of C$17.62 and a two-hundred day moving average of C$16.76. The stock has a market capitalization of C$1.28 billion, a PE ratio of 13.45, a P/E/G ratio of 6.05 and a beta of 0.98. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.