Transcontinental (TSE:TCL.B) Price Target Cut to C$8.00 by Analysts at Canadian Imperial Bank of Commerce

Transcontinental (TSE:TCL.B) had its target price decreased by Canadian Imperial Bank of Commerce from C$28.00 to C$8.00 in a report released on Monday morning,BayStreet.CA reports.

Transcontinental Price Performance

Shares of TSE:TCL.B opened at C$6.75 on Monday. The company’s fifty day moving average is C$23.60 and its two-hundred day moving average is C$21.77. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. Transcontinental has a 12-month low of C$5.23 and a 12-month high of C$27.00. The company has a market cap of C$564.43 million, a P/E ratio of 3.90 and a beta of 0.49.

Transcontinental Company Profile

Transcontinental Inc, operating as TC Transcontinental, is a Montreal-based packaging, commercial printing and specialty media company. The company was established in 1976 as a direct marketing company, and later expanded into newspaper printing, and eventually publishing of newspapers and magazines.