Transcontinental (TSE:TCL.A) Shares Cross Above 200 Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.73 and traded as high as C$17.16. Transcontinental shares last traded at C$17.00, with a volume of 82,031 shares.

Analyst Ratings Changes

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

Transcontinental Trading Down 0.6 %

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 stock has a market cap of C$1.21 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 6.05 and a beta of 0.98. The company’s fifty day moving average price is C$17.22 and its 200-day moving average price is C$15.77.

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.