NFI Group (TSE:NFI) Shares Cross Above 50-Day Moving Average - What's Next?

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$17.82 and traded as high as C$19.27. NFI Group shares last traded at C$18.93, with a volume of 111,490 shares.

Analysts Set New Price Targets

NFI has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of NFI Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Scotiabank set a C$22.00 price objective on shares of NFI Group and gave the stock a "sector perform" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised shares of NFI Group from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from C$14.00 to C$23.00 in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NFI Group presently has an average rating of "Buy" and a consensus price target of C$22.80.

NFI Group Price Performance

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 firm's 50 day moving average is C$17.97 and its 200 day moving average is C$14.29. The firm has a market cap of C$1.57 billion, a P/E ratio of -65.06, a price-to-earnings-growth 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.