Scotiabank Trims NFI Group (TSE:NFI) Target Price to C$24.00

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NFI Group (TSE:NFI) had its target price trimmed by Scotiabank from C$38.00 to C$24.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. National Bank Financial cut their target price on NFI Group from C$39.00 to C$33.00 and set an outperform rating for the company in a research report on Friday, March 13th. AltaCorp Capital cut their target price on NFI Group from C$43.00 to C$35.00 in a research report on Friday, March 13th. BMO Capital Markets cut their target price on NFI Group from C$29.00 to C$22.00 in a research report on Friday, March 13th. Finally, CIBC upped their target price on NFI Group from C$36.50 to C$37.50 in a research report on Wednesday, January 15th.

NFI opened at C$15.98 on Tuesday. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 17.16. The company has a debt-to-equity ratio of 150.72, a current ratio of 1.72 and a quick ratio of 0.79. NFI Group has a 1-year low of C$9.12 and a 1-year high of C$39.33. The business has a 50 day moving average price of C$27.81 and a two-hundred day moving average price of C$28.18.

In related news, Director Brian Vincent Tobin acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of C$9.87 per share, for a total transaction of C$49,335.00. Following the transaction, the director now owns 21,780 shares of the company’s stock, valued at C$214,903.26.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

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