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NFI Group (TSE:NFI) Given New C$22.00 Price Target at Scotiabank

Written by MarketBeat
September 29, 2025
NFI Group logo with Consumer Cyclical background

Key Points

  • Scotiabank has reduced its price target for NFI Group from C$23.00 to C$22.00, indicating a potential upside of 40.66% from the stock's previous close.
  • The stock currently has a consensus rating of "Buy", with two analysts giving it a Strong Buy rating and a target price estimate of C$22.67.
  • NFI Group's stock fell to C$15.64 during trading, with a market capitalization of C$1.86 billion and a significant debt-to-equity ratio of 171.59.
  • Interested in NFI Group? Here are five stocks we like better.

NFI Group (TSE:NFI - Get Free Report) had its price objective dropped by investment analysts at Scotiabank from C$23.00 to C$22.00 in a note issued to investors on Monday,BayStreet.CA reports. Scotiabank's price objective suggests a potential upside of 40.66% from the stock's previous close.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of NFI Group from C$22.00 to C$23.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. BMO Capital Markets upgraded shares of NFI Group from a "hold" rating to a "strong-buy" rating and lifted their price objective for the company from C$14.00 to C$23.00 in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$22.67.

Check Out Our Latest Analysis on NFI Group

NFI Group Stock Performance

TSE:NFI traded down C$0.53 during mid-day trading on Monday, hitting C$15.64. The stock had a trading volume of 417,219 shares, compared to its average volume of 286,031. The stock has a market capitalization of C$1.86 billion, a price-to-earnings ratio of -11.44, a P/E/G ratio of -0.07 and a beta of 0.75. The company has a 50 day simple moving average of C$18.47 and a 200-day simple moving average of C$15.76. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59.

About NFI Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for NFI Group (TSE:NFI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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