NFI Group (TSE:NFI) Price Target Raised to C$23.00

Key Points

• Stifel Nicolaus has increased its target price for NFI Group from C$22.00 to C$23.00, indicating a potential upside of 27.35% from the stock's previous close.
• BMO Capital Markets recently upgraded the stock from a "hold" to a "strong-buy" rating, raising their target price to C$23.00.
• The stock has demonstrated volatility, with a 52-week range between C$9.83 and C$19.90, and a current market capitalization of C$1.50 billion.

NFI Group (TSE:NFI - Get Free Report) had its price objective raised by Stifel Nicolaus from C$22.00 to C$23.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 24.86% from the stock's previous close.

Several other research analysts also recently commented on NFI. Scotiabank set a C$22.00 price objective on shares of NFI Group and gave the stock a "sector perform" rating in a report on Thursday, July 24th. BMO Capital Markets raised shares of NFI Group from a "hold" rating to a "strong-buy" rating and raised their price target for the company from C$14.00 to C$23.00 in a report on Thursday, July 17th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, NFI Group has an average rating of "Buy" and an average price target of C$22.80.

NFI Group Stock Performance

NFI traded up C$0.08 on Tuesday, hitting C$18.42. The company's stock had a trading volume of 134,175 shares, compared to its average volume of 297,800. The company's 50 day simple moving average is C$17.59 and its 200-day simple moving average is C$14.06. The firm has a market cap of C$1.53 billion, a P/E ratio of -63.10, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.90. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

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.