Royal Bank Of Canada Raises TransForce Inc (TFI) Price Target to C$29.00
TransForce Inc (TSE:TFI) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$23.00 to C$29.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.03% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on TFI. CIBC lifted their target price on TransForce from C$24.50 to C$26.00 in a report on Monday, June 20th. TD Securities lifted their target price on TransForce from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Monday, July 25th. National Bank Financial lifted their target price on TransForce from C$26.00 to C$27.50 in a report on Tuesday, July 19th. Finally, Scotiabank reissued an “underperform” rating and set a C$20.50 target price on shares of TransForce in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$25.94.
TransForce (TSE:TFI) traded down 0.37% during midday trading on Friday, hitting $27.25. 54,976 shares of the stock traded hands. The firm’s 50 day moving average is $26.78 and its 200-day moving average is $24.68. TransForce has a 12-month low of $18.94 and a 12-month high of $27.66. The stock has a market capitalization of $2.53 billion and a PE ratio of 4.28.
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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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