NFI Group (TSE:NFI) Price Target Raised to C$26.00 at ATB Capital

NFI Group (TSE:NFI) had its target price raised by research analysts at ATB Capital from C$24.00 to C$26.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s target price suggests a potential upside of 104.40% from the stock’s current price.

A number of other analysts also recently issued reports on NFI. CIBC raised their price target on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets decreased their price target on NFI Group from C$14.00 to C$13.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NFI Group currently has a consensus rating of “Buy” and an average target price of C$20.80.

NFI Group Trading Down 5.2 %

NFI Group stock traded down C$0.70 during midday trading on Monday, hitting C$12.72. 242,695 shares of the stock were exchanged, compared to its average volume of 379,978. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The stock’s 50-day moving average price is C$12.08. NFI Group has a fifty-two week low of C$9.91 and a fifty-two week high of C$19.55. The firm has a market cap of C$1.05 billion, a PE ratio of -43.58, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

NFI Group Company Profile

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.