Transcontinental (TSE:TCL.A) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Posted by ABMN Staff on Apr 1st, 2025

Transcontinental Inc. (TSE:TCL.A – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TCL.A. National Bankshares increased their target price on Transcontinental from C$21.00 to C$23.00 in a research report on Friday, December 13th. Scotiabank boosted their target price on Transcontinental from C$19.50 to C$22.00 in a report on Friday, December 13th. CIBC increased their price objective on shares of Transcontinental from C$20.00 to C$21.00 in a research report on Monday, December 16th. TD Securities set a C$23.00 target price on shares of Transcontinental and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada increased their price target on Transcontinental from C$22.00 to C$23.00 in a report on Tuesday, December 10th. One investment 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 company has an average rating of “Moderate Buy” and an average price target of C$22.21.

Get Our Latest Stock Report on TCL.A

Transcontinental Trading Up 1.9 %

The firm has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 6.05 and a beta of 0.98. The business’s 50-day moving average price is C$17.94 and its 200 day moving average price is C$17.64. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

About Transcontinental

(Get Free Report)

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.