Shares of Transcontinental Inc. (OTCMKTS:TCLAF – Get Rating) fell 7.3% during trading on Wednesday . The company traded as low as $12.55 and last traded at $12.61. 337 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 850 shares. The stock had previously closed at $13.60.
Analyst Ratings Changes
A number of brokerages recently commented on TCLAF. BMO Capital Markets dropped their price target on Transcontinental from C$23.00 to C$21.00 in a research note on Thursday, June 9th. Scotiabank dropped their price target on Transcontinental from C$23.50 to C$21.00 in a research note on Thursday, June 9th.
Transcontinental Price Performance
The firm has a 50-day moving average price of $12.80 and a 200-day moving average price of $12.85.
Transcontinental Company Profile
Transcontinental Inc engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.
- Get a free copy of the StockNews.com research report on Transcontinental (TCLAF)
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