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

Transcontinental Inc. (TSE:TCL.A)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.29 and traded as high as C$17.50. Transcontinental shares last traded at C$17.39, with a volume of 83,942 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. CIBC boosted their target price on shares of Transcontinental from C$20.00 to C$21.00 in a report on Monday, December 16th. National Bankshares lifted their price target on shares of Transcontinental from C$21.00 to C$23.00 in a research note on Friday, December 13th. BMO Capital Markets lifted their price target on shares of Transcontinental from C$18.00 to C$20.00 in a research note on Friday, December 13th. Royal Bank of Canada lifted their price target on shares of Transcontinental from C$22.00 to C$23.00 in a research note on Tuesday, December 10th. Finally, Scotiabank lifted their price target on shares of Transcontinental from C$19.50 to C$22.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.21.

Transcontinental Stock Performance

The company has a market capitalization of C$1.24 billion, a PE ratio of 13.08, a PEG ratio of 6.05 and a beta of 0.98. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The firm’s 50-day simple moving average is C$18.05 and its 200-day simple moving average is C$17.30.

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.