Analysts Set NFI Group Inc. (TSE:NFI) Price Target at C$22.80

Shares of NFI Group Inc. (TSE:NFI) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$22.80.

Several equities research analysts have commented on the stock. Scotiabank set a C$22.00 price target on shares of NFI Group and gave the stock a “sector perform” rating in a research report on Thursday, July 24th. BMO Capital Markets upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from C$14.00 to C$23.00 in a report on Thursday, July 17th. Finally, Stifel Nicolaus raised their price objective on shares of NFI Group from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th.

NFI Group Trading Down 1.6%

Shares of TSE:NFI opened at C$18.44 on Monday. NFI Group has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The company has a market cap of C$1.53 billion, a PE ratio of -63.17, a P/E/G ratio of -0.07 and a beta of 1.41. The company’s 50-day moving average price is C$18.17 and its 200 day moving average price is C$14.39.

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.