Transcontinental (TSE:TCL.A) Sets New 52-Week High at $19.40

Transcontinental Inc. (TSE:TCL.A)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.40 and last traded at C$19.30, with a volume of 101398 shares trading hands. The stock had previously closed at C$19.04.

A number of equities research analysts recently issued reports on the company. National Bank Financial raised their price target on Transcontinental from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 25th. Scotiabank boosted their target price on Transcontinental from C$18.00 to C$20.00 in a research note on Thursday, September 10th. Royal Bank of Canada boosted their target price on Transcontinental from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. Finally, Canaccord Genuity boosted their target price on Transcontinental from C$18.00 to C$20.00 in a research note on Thursday, September 10th.

The company has a market cap of $1.66 billion and a price-to-earnings ratio of 8.61. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 68.33. The business has a fifty day moving average of C$16.70 and a two-hundred day moving average of C$15.17.

About Transcontinental (TSE:TCL.A)

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.

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