Transcontinental (TSE:TCL.A) Reaches New 12-Month High – Still a Buy?

Transcontinental Inc. (TSE:TCL.A) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$18.00 and last traded at C$17.95, with a volume of 44727 shares trading hands. The stock had previously closed at C$17.64.

Analyst Ratings Changes

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

Transcontinental Price Performance

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 company has a 50 day simple moving average of C$16.83 and a 200 day simple moving average of C$15.31. The stock has a market cap of C$1.27 billion, a P/E ratio of 13.41, a PEG ratio of 6.05 and a beta of 0.98.

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.