Transcontinental (TSE:TCL.A) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$20.11 and traded as high as C$20.52. Transcontinental shares last traded at C$20.48, with a volume of 50,152 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TCL.A shares. Cormark lowered their target price on shares of Transcontinental from C$27.00 to C$26.00 in a research note on Monday, September 8th. TD Securities increased their price target on Transcontinental from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Finally, Royal Bank Of Canada set a C$26.00 target price on Transcontinental and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and an average target price of C$24.32.

Transcontinental Stock Down 0.4%

The firm’s fifty day moving average price is C$19.62 and its two-hundred day moving average price is C$20.11. The stock has a market cap of C$1.71 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 6.05 and a beta of 0.83. 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, 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.