Transcontinental (TSE:TCL.A) Stock Crosses Below 200 Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.60 and traded as low as C$5.23. Transcontinental shares last traded at C$5.35, with a volume of 308,932 shares traded.

Analyst Ratings Changes

TCL.A has been the topic of several research reports. ATB Cormark Capital Markets reduced their price target on shares of Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. TD Securities reduced their price target on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Finally, BMO Capital Markets reduced their price target on shares of Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.61.

Transcontinental Price Performance

The stock has a market capitalization of C$447.36 million, a P/E ratio of 3.09, a PEG ratio of 6.05 and a beta of 0.46. 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 fifty day simple moving average of C$12.89 and a two-hundred day simple moving average of C$18.60.

Transcontinental (TSE:TCL.A) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$263.50 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. Sell-side analysts expect that Transcontinental Inc. will post 2.439834 EPS for the current fiscal year.

About Transcontinental

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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.