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

Transcontinental Inc. (TSE:TCL.A) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.48 and traded as high as C$17.73. Transcontinental shares last traded at C$17.48, with a volume of 95,013 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TCL.A. CIBC boosted their target price on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, September 16th. BMO Capital Markets boosted their price objective on Transcontinental from C$16.50 to C$18.00 and gave the company a “market perform” rating in a research note on Friday, September 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$20.50.

Transcontinental Price Performance

The stock has a market capitalization of C$1.23 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The business’s 50-day moving average price is C$17.09 and its 200 day moving average price is C$15.51. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

About Transcontinental

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.