TransForce Inc (TFI) Given New C$28.50 Price Target at CIBC
TransForce Inc (TSE:TFI) had its price target upped by equities research analysts at CIBC from C$26.00 to C$28.50 in a research report issued to clients and investors on Tuesday. CIBC’s target price indicates a potential upside of 4.43% from the company’s current price.
Several other brokerages have also issued reports on TFI. RBC Capital Markets raised their price objective on TransForce from C$23.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Friday. Royal Bank Of Canada increased their target price on shares of TransForce from C$23.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Friday. National Bank Financial increased their target price on shares of TransForce from C$27.50 to C$29.00 in a research note on Thursday, October 6th. TD Securities increased their target price on shares of TransForce from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Finally, Scotiabank reiterated an “underperform” rating and set a C$20.50 target price on shares of TransForce in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. TransForce currently has an average rating of “Hold” and an average price target of C$26.50.
TransForce (TSE:TFI) traded up 0.84% during midday trading on Tuesday, reaching $27.52. The company’s stock had a trading volume of 110,099 shares. The firm has a market capitalization of $2.56 billion and a P/E ratio of 4.33. The company’s 50-day moving average is $26.83 and its 200 day moving average is $24.78. TransForce has a 52 week low of $18.94 and a 52 week high of $27.72.
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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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