NFI Group Inc. (TSE:NFI) Receives C$20.60 Consensus Price Target from Brokerages

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

A number of brokerages recently commented on NFI. ATB Capital raised their price target on NFI Group from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. Stifel Nicolaus dropped their target price on shares of NFI Group from C$23.00 to C$22.00 and set a "buy" rating for the company in a research report on Wednesday. CIBC boosted their price target 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. Finally, BMO Capital Markets decreased their price target on shares of NFI Group from C$14.00 to C$13.00 in a research note on Friday, March 14th.

NFI Group Trading Up 2.0%

Shares of TSE:NFI traded up C$0.30 during midday trading on Wednesday, hitting C$15.23. 166,332 shares of the stock traded hands, compared to its average volume of 313,735. 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 business's 50 day moving average is C$12.90 and its two-hundred day moving average is C$12.85. The stock has a market capitalization of C$1.26 billion, a PE ratio of -52.18, a P/E/G ratio of -0.07 and a beta of 1.41. NFI Group has a one year low of C$9.83 and a one year high of C$19.55.

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.