Transcontinental (TSE:TCL.A) Shares Pass Above 200 Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.69 and traded as high as C$17.78. Transcontinental shares last traded at C$17.72, with a volume of 158,518 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities set a C$23.00 price objective on Transcontinental and gave the company a “buy” rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Transcontinental has a consensus rating of “Moderate Buy” and an average target price of C$22.21.

Transcontinental Stock Performance

The stock has a market capitalization of C$1.26 billion, a P/E ratio of 13.32, a PEG ratio of 6.05 and a beta of 0.98. The company’s fifty day simple moving average is C$17.64 and its two-hundred day simple moving average is C$17.69. 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.