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

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

Transcontinental Stock Performance

TSE TCL.B opened at C$8.64 on Monday. The company has a fifty day moving average price of C$23.01 and a 200-day moving average price of C$21.59. The firm has a market cap of C$722.47 million, a price-to-earnings ratio of 4.99 and a beta of 0.49. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. Transcontinental has a 1 year low of C$5.23 and a 1 year high of C$27.00.

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.