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CIBC maintains Transcontinental at outperformer, lifts target by C$1 to C$17 and raises 2024 EBITDA estimate, as cost reduction initiatives gain traction; company expected to reduce debt over coming year on healthy free cash flow, real estate asset sales
Published:
March 18, 2024
by CIBC World Markets Inc.
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Scotia Capital assumes coverage of Transcontinental at sector outperform with C$19.50 target, sees packaging business as having good upside potential; 2024 could be a turnaround year, as reduced earnings volatility and improved margins start to take hold
Published:
February 14, 2024
by Canada StockWatch
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TC Transcontinental to close its Saint-Hyacinthe printing plant in Quebec in April 2024; plant's activities will gradually be transferred to other plants in company's printing network, mainly to a plant located in Montreal
Published:
February 02, 2024
by Transcontinental Inc.
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RĂ©mi Marcoux, founder of TC Transcontinental and a member of the board, says he is not seeking re-election as a director when his term ends March 13; company names him Founder Emeritus
Published:
January 24, 2024
by Transcontinental Inc.
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CIBC conference highlights with Transcontinental: Cost reduction program expected to save C$20M-C$40M and generate C$100M from sale of its real estate assets; sustainable flexible packaging set to drive market share growth of packaging business
Published:
January 22, 2024
by CIBC World Markets Inc.
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