RBC Capital Markets Boosts TransForce Inc (TFI) Price Target to C$29.00
TransForce Inc (TSE:TFI) had its target price increased by investment analysts at RBC Capital Markets from C$23.00 to C$29.00 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital Markets’ price objective would indicate a potential upside of 6.03% from the company’s previous close.
A number of other research firms have also weighed in on TFI. Scotiabank reiterated an “underperform” rating and issued a C$20.50 price objective on shares of TransForce in a research report on Friday, July 22nd. CIBC boosted their target price on shares of TransForce from C$24.50 to C$26.00 in a research report on Monday, June 20th. National Bank Financial boosted their target price on shares of TransForce from C$27.50 to C$29.00 in a research report on Thursday. Royal Bank Of Canada boosted their target price on shares of TransForce from C$23.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, TD Securities boosted their target price on shares of TransForce from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$26.25.
TransForce (TSE:TFI) traded down 0.29% during midday trading on Friday, reaching $27.27. 55,789 shares of the company traded hands. TransForce has a 12 month low of $18.94 and a 12 month high of $27.66. The company’s 50-day moving average price is $26.78 and its 200 day moving average price is $24.68. The firm has a market capitalization of $2.53 billion and a PE ratio of 4.29.
TransForce Inc is engaged in transportation and logistics services across Canada and the United States. The Company’s segments include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. The Package and Courier segment comprises pickup, transport and delivery of items across North America.
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