Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$20.80

Shares of NFI Group Inc. (TSE:NFI) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$20.80.

Several analysts recently weighed in on NFI shares. BMO Capital Markets dropped their target price on shares of NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. CIBC lifted their price objective on NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Finally, ATB Capital increased their target price on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th.

NFI Group Trading Up 5.3 %

TSE NFI opened at C$12.50 on Wednesday. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.55. The stock has a market capitalization of C$1.04 billion, a P/E ratio of -42.82, a PEG ratio of -0.07 and a beta of 1.41. The firm’s 50-day moving average is C$11.60 and its two-hundred day moving average is C$13.14. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55.

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.