Analysts Set NFI Group Inc. (TSE:NFI) Target Price at C$22.20

NFI Group Inc. (TSE:NFI) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$22.20.

A number of brokerages have weighed in on NFI. BMO Capital Markets downgraded shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. CIBC lifted their price target on shares of NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Finally, Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

NFI Group Trading Up 15.6 %

Shares of TSE NFI opened at C$11.64 on Friday. NFI Group has a 1-year low of C$9.91 and a 1-year high of C$19.55. The company has a market capitalization of C$964.74 million, a P/E ratio of -39.88, a PEG 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. The business has a 50-day moving average of C$13.07.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.