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

Transcontinental Inc. (TSE:TCL.A) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.94 and traded as low as C$5.29. Transcontinental shares last traded at C$5.35, with a volume of 343,528 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on TCL.A shares. Canadian Imperial Bank of Commerce dropped their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a report on Friday, June 5th. BMO Capital Markets dropped their price target on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday, June 5th. ATB Cormark Capital Markets cut their price objective on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Royal Bank Of Canada lowered their target price on shares of Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. Finally, TD Securities dropped their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$14.38.

Transcontinental Price Performance

The firm has a market capitalization of C$460.74 million, a PE ratio of 1.38, a P/E/G ratio of 6.05 and a beta of 0.48. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The business’s 50 day moving average is C$5.25 and its two-hundred day moving average is C$14.83.

Transcontinental (TSE:TCL.A) last released its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$269.20 million for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. As a group, research analysts anticipate that Transcontinental Inc. will post 2.439834 EPS for the current year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.