Transcontinental (TSE:TCL.A) Reaches New 1-Year High – Should You Buy?

Transcontinental Inc. (TSE:TCL.A)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$18.09 and last traded at C$18.08, with a volume of 113865 shares trading hands. The stock had previously closed at C$17.89.

Analyst Upgrades and Downgrades

Several brokerages have commented on TCL.A. BMO Capital Markets raised their target price on Transcontinental from C$16.50 to C$18.00 and gave the stock a “market perform” rating in a research note on Friday, September 13th. CIBC raised their price objective on shares of Transcontinental from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$20.50.

Transcontinental Trading Down 1.4 %

The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm has a market capitalization of C$1.26 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 6.05 and a beta of 0.98. The firm’s 50-day simple moving average is C$17.33 and its 200-day simple moving average is C$16.06.

Transcontinental Company Profile

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.