Transcontinental (TSE:TCL.A) Shares Pass Below 200 Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.88 and traded as low as C$19.55. Transcontinental shares last traded at C$19.70, with a volume of 55,421 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank Of Canada set a C$25.00 price target on Transcontinental and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. Cormark cut their target price on shares of Transcontinental from C$27.00 to C$26.00 in a research report on Monday, September 8th. Finally, TD Securities upped their target price on shares of Transcontinental from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.18.

Transcontinental Trading Up 0.6%

The stock has a market capitalization of C$1.65 billion, a P/E ratio of 9.43, a P/E/G ratio of 6.05 and a beta of 0.76. The firm’s 50 day moving average price is C$19.74 and its 200 day moving average price is C$19.88. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

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.