Transcontinental (TSE:TCL) Director Purchases C$100,674.45 in Stock

Transcontinental (TSE:TCL) Director Peter Brues purchased 6,850 shares of the stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$14.70 per share, with a total value of C$100,674.45. Following the completion of the acquisition, the director now owns 18,350 shares in the company, valued at approximately C$269,689.95.

Transcontinental has a twelve month low of C$23.27 and a twelve month high of C$31.95.

Transcontinental (TSE:TCL) last announced its earnings results on Thursday, June 6th. The company reported C$0.60 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.04. The firm had revenue of C$767.40 million for the quarter, compared to analysts’ expectations of C$763.30 million.

Separately, National Bank Financial cut Transcontinental from an “outperfrom under weight” rating to a “sector perform under weight” rating in a report on Sunday, July 14th.

About Transcontinental

Transcontinental Inc is a Canada-based printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States.

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