NFI Group (TSE:NFI) Price Target Cut to C$18.00 by Analysts at BMO Capital Markets

NFI Group (TSE:NFI) had its price target reduced by equities researchers at BMO Capital Markets from C$20.00 to C$18.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 33.04% from the stock’s current price.

A number of other research analysts have also recently weighed in on NFI. Stifel Nicolaus lifted their price target 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. National Bankshares cut their target price on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. CIBC decreased their price target on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Finally, Scotiabank lowered their price target on NFI Group from C$23.00 to C$22.00 in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, NFI Group has an average rating of “Buy” and a consensus target price of C$21.83.

NFI Group Trading Up 3.1%

Shares of NFI Group stock traded up C$0.41 during trading hours on Monday, reaching C$13.53. The stock had a trading volume of 296,198 shares, compared to its average volume of 296,275. The firm has a market capitalization of C$1.61 billion, a price-to-earnings ratio of -9.89, a P/E/G ratio of -0.07 and a beta of 0.76. NFI Group has a 1 year low of C$9.83 and a 1 year high of C$19.90. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a 50 day simple moving average of C$15.91 and a two-hundred day simple moving average of C$16.39.

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.