Transcontinental (TSE:TCL.A) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.A)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.26 and traded as low as C$5.30. Transcontinental shares last traded at C$5.34, with a volume of 314,973 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a report on Friday, June 5th. ATB Cormark Capital Markets reduced their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Royal Bank Of Canada decreased their price target on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research report on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$14.38.

Transcontinental Stock Up 0.2%

The company has a market cap of C$447.36 million, a P/E ratio of 1.34, a P/E/G ratio of 6.05 and a beta of 0.44. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a 50-day moving average of C$5.32 and a two-hundred day moving average of C$12.22.

Transcontinental (TSE:TCL.A) last issued its earnings results on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The company had revenue of C$269.20 million for the quarter. On average, research analysts anticipate 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.