Royal Bank Of Canada Raises TransForce Inc (TFI) Price Target to C$29.00
TransForce Inc (TSE:TFI) had its price target raised by equities research analysts at Royal Bank Of Canada from C$23.00 to C$29.00 in a research report issued on Friday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 6.03% from the stock’s current price.
TFI has been the topic of several other research reports. Scotiabank reiterated an “underperform” rating and set a C$20.50 price objective 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 research report on Monday, June 20th. National Bank Financial raised their price target on TransForce from C$27.50 to C$29.00 in a research report on Thursday. Finally, TD Securities raised their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$25.94.
Shares of TransForce (TSE:TFI) traded down 0.29% during midday trading on Friday, hitting $27.27. 54,676 shares of the stock traded hands. The company has a market capitalization of $2.53 billion and a P/E ratio of 4.29. TransForce has a 1-year low of $18.94 and a 1-year high of $27.66. The stock 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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