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

Shares of NFI Group Inc. (TSE:NFI) have received an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$22.80.

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

NFI Group Price Performance

NFI opened at C$17.98 on Friday. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -13.15, a P/E/G ratio of -0.07 and a beta of 0.75. The firm’s fifty day moving average price is C$18.65 and its two-hundred day moving average price is C$15.31. NFI Group has a 1 year low of C$9.83 and a 1 year high of C$19.90.

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.