NFI Group (TSE:NFI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

NFI Group (TSE:NFI) had its price objective lifted by research analysts at Stifel Nicolaus from C$22.00 to C$23.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 27.42% from the stock’s current price.

Several other equities research analysts have also issued reports on NFI. Scotiabank set a C$22.00 price target on NFI Group and gave the stock a “sector perform” rating in a research note on Thursday, July 24th. BMO Capital Markets raised NFI Group from a “hold” rating to a “strong-buy” rating and raised their price objective for the company from C$14.00 to C$23.00 in a report on Thursday, July 17th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$22.80.

NFI Group Stock Performance

TSE NFI opened at C$18.05 on Tuesday. NFI Group has a 52-week low of C$9.83 and a 52-week high of C$19.90. The company has a fifty day moving average of C$17.50 and a 200-day moving average of C$13.99. The company has a market capitalization of C$1.50 billion, a P/E ratio of -61.84, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71.

About NFI Group

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.