Transcontinental (TSE:TCL.A) Shares Cross Below 200-Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.12 and traded as low as C$5.39. Transcontinental shares last traded at C$5.43, with a volume of 331,684 shares.

Analyst Ratings Changes

TCL.A has been the subject of several research analyst reports. TD Securities cut their price objective on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. BMO Capital Markets cut their price objective on Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Finally, ATB Cormark Capital Markets cut their price objective on Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.61.

Transcontinental Stock Performance

The firm has a market capitalization of C$454.05 million, a P/E ratio of 3.14, a price-to-earnings-growth ratio of 6.05 and a beta of 0.53. The stock has a 50-day moving average of C$11.11 and a 200 day moving average of C$18.12. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

Transcontinental (TSE:TCL.A) last released its quarterly earnings results on Tuesday, March 10th. The company reported C$0.08 EPS for the quarter. The business had revenue of C$263.50 million for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. On average, research analysts anticipate that Transcontinental Inc. will post 2.439834 earnings per share for the current 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.