Transcontinental (TSE:TCL.A) Share Price Passes Below 200 Day Moving Average of $13.81

Transcontinental Inc. (TSE:TCL.A)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.81 and traded as low as C$12.29. Transcontinental shares last traded at C$12.37, with a volume of 220,011 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TCL.A shares. CIBC lowered their price target on shares of Transcontinental from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Friday, September 8th. Royal Bank of Canada lowered their price target on shares of Transcontinental from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, September 8th. Finally, BMO Capital Markets lowered their price target on shares of Transcontinental from C$17.00 to C$15.00 and set a “market perform” rating on the stock in a research report on Friday, September 8th.

Transcontinental Trading Down 0.3 %

The company has a debt-to-equity ratio of 61.72, a quick ratio of 1.09 and a current ratio of 2.36. The stock has a market capitalization of C$906.23 million, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 6.05 and a beta of 0.87. The firm’s fifty day simple moving average is C$12.99 and its 200 day simple moving average is C$13.81.

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.