NFI Group (TSE:NFI) Price Target Raised to C$20.00

NFI Group (TSE:NFI) had its price target upped by investment analysts at CIBC from C$19.00 to C$20.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 56.37% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. BMO Capital Markets cut their price target on shares of NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. Finally, ATB Capital upped their price target on shares of NFI Group from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$20.80.

NFI Group Price Performance

Shares of TSE NFI opened at C$12.79 on Monday. NFI Group has a twelve month low of C$9.91 and a twelve month high of C$19.55. 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 company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -43.82, a PEG ratio of -0.07 and a beta of 1.41. The firm has a 50-day moving average of C$12.00 and a two-hundred day moving average of C$14.77.

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.