RBC Capital Markets Raises TransForce Inc (TFI) Price Target to C$29.00
TransForce Inc (TSE:TFI) had its target price boosted by analysts at RBC Capital Markets from C$23.00 to C$29.00 in a report issued on Friday. The brokerage currently has a “sector perform” rating on the stock. RBC Capital Markets’ target price indicates a potential upside of 6.03% from the company’s current price.
Other analysts have also issued reports about the company. Royal Bank Of Canada raised their target price on TransForce from C$23.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Friday. CIBC lifted their price objective on TransForce from C$24.50 to C$26.00 in a research report on Monday, June 20th. National Bank Financial lifted their price objective on TransForce from C$27.50 to C$29.00 in a research report on Thursday. TD Securities lifted their price objective on TransForce from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. TransForce has an average rating of “Hold” and an average target price of C$26.25.
Shares of TransForce (TSE:TFI) traded down 0.29% during trading on Friday, hitting $27.27. The stock had a trading volume of 55,889 shares. TransForce has a 1-year low of $18.94 and a 1-year high of $27.66. The company has a market capitalization of $2.53 billion and a price-to-earnings ratio of 4.29. The firm has a 50 day moving average of $26.78 and a 200 day moving average of $24.68.
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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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