NFI Group Inc. (TSE:NFI) Receives C$22.67 Average Target Price from Analysts

NFI Group Inc. (TSE:NFI) has been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$22.67.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of NFI Group from C$22.00 to C$23.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Scotiabank decreased their target price on NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. National Bankshares dropped their price target on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. CIBC cut their price target on NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Finally, BMO Capital Markets upgraded NFI Group from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from C$14.00 to C$23.00 in a research note on Thursday, July 17th.

NFI Group Stock Down 1.4%

Shares of NFI Group stock opened at C$15.43 on Tuesday. The business has a 50-day moving average price of C$17.77 and a 200 day moving average price of C$15.88. NFI Group has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90. The firm has a market cap of C$1.84 billion, a P/E ratio of -11.28, a P/E/G ratio of -0.07 and a beta of 0.47. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.