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Investment analysts at National Bank Financial initiated coverage on shares of Transforce (TSE:TFI) in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm set an “outperform” rating and a C$27.00 price target on the stock. National Bank Financial’s target price points to a potential upside of 13.02% from the company’s current price.

Shares of Transforce (TSE:TFI) traded up 0.42% on Tuesday, hitting $23.99. The stock had a trading volume of 86,233 shares. Transforce has a 1-year low of $18.25 and a 1-year high of $25.88. The stock’s 50-day moving average is $24.70 and its 200-day moving average is $22.77. The company has a market cap of $2.211 billion and a P/E ratio of 17.44.

Several other analysts have also recently commented on the stock. Analysts at NBF raised their price target on shares of Transforce from C$24.00 to C$27.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Dundee Securities raised their price target on shares of Transforce from C$27.00 to C$28.00 in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Transforce from C$27.00 to C$28.00 in a research note to investors on Wednesday, January 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Transforce currently has an average rating of “Buy” and an average target price of C$25.22.

TransForce Inc is engaged in the transportation and logistics industry. It operates in four segments.

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