Royal Bank Of Canada Raises TransForce Inc (TFI) Price Target to C$29.00
TransForce Inc (TSE:TFI) had its price objective raised by research analysts at Royal Bank Of Canada from C$23.00 to C$29.00 in a research note issued to investors on Friday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 6.03% from the company’s previous close.
Other analysts have also recently issued reports about the stock. CIBC boosted their price objective on shares of TransForce from C$24.50 to C$26.00 in a research note on Monday, June 20th. National Bank Financial boosted their price objective on shares of TransForce from C$27.50 to C$29.00 in a research note on Thursday. TD Securities boosted their price objective on shares of TransForce from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Finally, Scotiabank restated an “underperform” rating and issued a C$20.50 price objective on shares of TransForce in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$25.94.
TransForce (TSE:TFI) traded down 0.37% on Friday, hitting $27.25. 54,976 shares of the stock traded hands. TransForce has a 12-month low of $18.94 and a 12-month high of $27.66. The firm has a market cap of $2.53 billion and a price-to-earnings ratio of 4.28. The stock has a 50-day moving average of $26.78 and a 200-day moving average of $24.68.
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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