Trade Report: The CIBC Boosts TransForce Inc (TFI) Price Target to C$28.50

The CIBC Boosts TransForce Inc (TFI) Price Target to C$28.50

TransForce Inc (TSE:TFI) had its price objective upped by CIBC from C$26.00 to C$28.50 in a research report sent to investors on Tuesday.

TFI has been the topic of a number of other reports. RBC Capital Markets lifted their price objective on TransForce from C$23.00 to C$29.00 and gave the stock a sector perform rating in a research note on Friday, October 7th. National Bank Financial lifted their price objective on TransForce from C$27.50 to C$29.00 in a research note on Thursday, October 6th. Scotiabank reaffirmed an underperform rating and issued a C$20.50 price objective on shares of TransForce in a research note on Friday, July 22nd. Royal Bank Of Canada lifted their price objective on TransForce from C$23.00 to C$29.00 and gave the stock a sector perform rating in a research note on Friday, October 7th. Finally, 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 note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. TransForce currently has a consensus rating of Hold and an average target price of C$26.50.

Shares of TransForce (TSE:TFI) opened at 27.57 on Tuesday. TransForce has a 1-year low of $18.94 and a 1-year high of $28.02. The company’s 50-day moving average price is $26.92 and its 200-day moving average price is $24.84. The company has a market capitalization of $2.56 billion and a PE ratio of 4.33.

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