RBC Capital Markets Boosts TransForce Inc (TFI) Price Target to C$29.00
TransForce Inc (TSE:TFI) had its price objective boosted by RBC Capital Markets from C$23.00 to C$29.00 in a note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. RBC Capital Markets’ target price points to a potential upside of 6.03% from the company’s previous close.
Several other brokerages have also weighed in on TFI. Scotiabank reaffirmed an “underperform” rating and issued a C$20.50 target price on shares of TransForce in a research report on Friday, July 22nd. CIBC raised their price target on TransForce from C$24.50 to C$26.00 in a report on Monday, June 20th. National Bank Financial raised their price target on TransForce from C$27.50 to C$29.00 in a report on Thursday. Royal Bank Of Canada raised their price target on TransForce from C$23.00 to C$29.00 and gave the company a “sector perform” rating in a report on Friday. Finally, TD Securities raised their price target on TransForce from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. TransForce has a consensus rating of “Hold” and a consensus price target of C$26.25.
Shares of TransForce (TSE:TFI) traded down 0.29% on Friday, reaching $27.27. 55,789 shares of the company traded hands. The firm has a 50-day moving average of $26.78 and a 200-day moving average of $24.68. TransForce has a 52-week low of $18.94 and a 52-week high of $27.66. The company has a market capitalization of $2.53 billion and a PE ratio of 4.29.
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TransForce Company Profile
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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