Transcontinental (OTCMKTS:TCLAF) Shares Up 3.8% – Here’s Why

Shares of Transcontinental Inc. (OTCMKTS:TCLAF) traded up 3.8% on Tuesday . The stock traded as high as $4.07 and last traded at $3.61. 94,105 shares changed hands during trading, an increase of 132% from the average session volume of 40,525 shares. The stock had previously closed at $3.4780.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TCLAF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Transcontinental in a research report on Friday, December 12th. National Bank Financial reissued an “outperform” rating on shares of Transcontinental in a report on Tuesday, December 9th. Finally, Scotiabank restated a “sector perform” rating on shares of Transcontinental in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy”.

Transcontinental Stock Performance

The company’s 50 day moving average price is $16.46 and its 200-day moving average price is $15.40.

About Transcontinental

Transcontinental Inc is a Canada-based company specializing in printing and flexible packaging solutions. Through its print segment, the company provides commercial printing, specialty media and label products for a range of industries, including publishing, retail and healthcare. Its flexible packaging segment designs and manufactures printed and laminated films, pouches, wrappers and labels used primarily in food and beverage, personal care, home care and pharmaceutical markets.

Founded in 1976 by Rémi Marcoux, Transcontinental has evolved from a regional printing operation into one of North America’s largest printers and a leading flexible-packaging manufacturer.