NFI Group (TSE:NFI) Price Target Cut to C$22.00 by Analysts at Stifel Nicolaus

NFI Group (TSE:NFI - Free Report) had its price objective trimmed by Stifel Nicolaus from C$23.00 to C$22.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also commented on the company. ATB Capital lifted their price objective on NFI Group from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. CIBC lifted their price objective on NFI Group from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Finally, BMO Capital Markets cut their price objective on NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$20.60.

NFI Group Stock Performance

Shares of NFI traded up C$0.30 during mid-day trading on Wednesday, hitting C$15.23. 166,332 shares of the company traded hands, compared to its average volume of 313,735. 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 stock has a 50-day moving average price of C$12.90 and a two-hundred day moving average price of C$12.85. NFI Group has a 1 year low of C$9.83 and a 1 year high of C$19.55. The stock has a market cap of C$1.26 billion, a price-to-earnings ratio of -52.18, 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.