Shares of Transcontinental Inc. (TSE:TCL.A – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$5.46 and traded as low as C$5.21. Transcontinental shares last traded at C$5.29, with a volume of 254,575 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. National Bank Financial decreased their price target on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Thursday, September 10th. ATB Cormark Capital Markets boosted their price objective on Transcontinental from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Friday, September 11th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$9.86.
View Our Latest Analysis on Transcontinental
Transcontinental Stock Performance
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. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.
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