Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$20.60

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$20.60.

NFI has been the subject of several analyst reports. BMO Capital Markets dropped their target price on shares of NFI Group from C$14.00 to C$13.00 in a research report on Friday, March 14th. CIBC boosted their price objective on shares of NFI Group from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. ATB Capital raised their target price on NFI Group from C$24.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, March 17th. Finally, Stifel Nicolaus lowered their price target on NFI Group from C$23.00 to C$22.00 and set a "buy" rating for the company in a report on Wednesday, June 4th.

NFI Group Price Performance

TSE:NFI traded up C$0.45 during trading hours on Friday, reaching C$18.49. 454,271 shares of the company were exchanged, compared to its average volume of 305,084. The business has a 50 day moving average of C$14.78 and a 200 day moving average of C$13.11. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.55. 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$1.53 billion, a P/E ratio of -63.34, 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.