NFI Group Inc. (TSE:NFI) Receives C$22.60 Consensus Price Target from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$22.60.

A number of equities analysts have recently commented on the stock. CIBC increased their price target on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. ATB Capital upped their target price on shares of NFI Group from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

NFI Group Stock Up 1.1 %

NFI stock opened at C$11.11 on Tuesday. The company’s 50 day moving average is C$12.10 and its 200 day moving average is C$14.93. The stock has a market cap of C$920.81 million, a price-to-earnings ratio of -38.06, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group has a 1-year low of C$9.91 and a 1-year high of C$19.55.

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.