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

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

Transcontinental Stock Performance

Transcontinental stock traded down C$18.25 during mid-day trading on Monday, reaching C$6.75. 7,915 shares of the company’s stock were exchanged, compared to its average volume of 14,977. The business’s fifty day simple moving average is C$23.93 and its 200 day simple moving average is C$21.86. 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 one year low of C$5.23 and a one year high of C$27.00. The firm has a market capitalization of C$564.43 million, a PE 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.