Transcontinental (TSE:TCL.A) Trading Up 21.8% – What’s Next?

Transcontinental Inc. (TSE:TCL.A) shares were up 21.8% during trading on Monday . The company traded as high as C$25.65 and last traded at C$24.20. Approximately 451,356 shares traded hands during trading, an increase of 135% from the average daily volume of 192,436 shares. The stock had previously closed at C$19.87.

Wall Street Analyst Weigh In

A number of research firms recently commented on TCL.A. National Bankshares lifted their price objective on Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada set a C$26.00 price target on shares of Transcontinental and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. TD Securities lifted their price target on shares of Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets boosted their price objective on shares of Transcontinental from C$23.00 to C$27.00 in a research report on Tuesday. Finally, Scotiabank upped their price objective on shares of Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Transcontinental presently has an average rating of “Moderate Buy” and an average target price of C$26.00.

Transcontinental Trading Up 2.8%

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 firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 6.05 and a beta of 0.79. The business has a fifty day moving average price of C$19.90 and a 200 day moving average price of C$20.15.

Transcontinental Company Profile

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.