BMO Capital Markets Issues Pessimistic Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its target price decreased by research analysts at BMO Capital Markets from C$14.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential downside of 3.13% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. CIBC boosted their target price on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Finally, ATB Capital boosted their target price on shares of NFI Group from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NFI Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.60.

NFI Group Stock Up 20.8 %

NFI Group stock opened at C$13.42 on Friday. NFI Group has a twelve month low of C$9.91 and a twelve month high of C$19.55. The company’s 50-day moving average price is C$12.08 and its two-hundred day moving average price is C$14.86. 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 stock has a market cap of C$1.11 billion, a P/E ratio of -45.97, a P/E/G ratio of -0.07 and a beta of 1.41.

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.