NFI Group Inc. (TSE:NFI) Given Average Rating of “Buy” by Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$22.80.

A number of analysts have weighed in on NFI shares. Stifel Nicolaus upped their target price on NFI Group from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Scotiabank set a C$22.00 target price on NFI Group and gave the stock a “sector perform” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets upgraded NFI Group from a “hold” rating to a “strong-buy” rating and upped their target price for the stock from C$14.00 to C$23.00 in a report on Thursday, July 17th.

NFI Group Stock Up 0.6%

Shares of TSE NFI opened at C$18.37 on Friday. The stock has a 50 day moving average price of C$18.65 and a 200 day moving average price of C$15.45. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71. The firm has a market capitalization of C$2.19 billion, a price-to-earnings ratio of -13.43, a PEG ratio of -0.07 and a beta of 0.75. NFI Group has a 52-week low of C$9.83 and a 52-week high of C$19.90.

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.