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

Transcontinental (TSE:TCL.B) had its target price cut by equities researchers at Canadian Imperial Bank of Commerce from C$28.00 to C$8.00 in a report issued on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 18.52% from the stock’s current price.

Transcontinental Stock Down 73.0%

Shares of TCL.B stock traded down C$18.25 on Monday, hitting C$6.75. The stock had a trading volume of 7,915 shares, compared to its average volume of 14,977. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The business has a 50 day moving average of C$23.93 and a 200 day moving average of C$21.86. Transcontinental has a 12-month low of C$5.23 and a 12-month high of C$27.00. The stock has a market cap of C$564.43 million, a price-to-earnings ratio of 3.90 and a beta of 0.49.

About Transcontinental

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.