NFI Group (TSE:NFI) Price Target Lowered to C$22.00 at Scotiabank

NFI Group (TSE:NFI) had its target price trimmed by Scotiabank from C$23.00 to C$22.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets raised shares of NFI Group from a “hold” rating to a “strong-buy” rating and upped their target price for the stock from C$14.00 to C$23.00 in a research note on Thursday, July 17th. Stifel Nicolaus upped their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$22.67.

NFI Group Price Performance

Shares of TSE NFI opened at C$15.39 on Monday. The firm has a market cap of C$1.83 billion, a PE ratio of -11.25, a PEG ratio of -0.07 and a beta of 0.75. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.90. The company has a fifty day moving average price of C$18.40 and a 200 day moving average price of C$15.77.

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.