Brokerages Set NFI Group Inc. (TSE:NFI) Price Target at C$22.00

NFI Group Inc. (TSE:NFI) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$21.70.

Several equities analysts have issued reports on NFI shares. BMO Capital Markets downgraded NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price target on NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. Cibc World Mkts raised shares of NFI Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 2nd. National Bankshares raised their price objective on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, CIBC reduced their target price on shares of NFI Group from C$19.50 to C$18.50 in a research report on Friday.

NFI Group Stock Performance

TSE:NFI opened at C$16.06 on Wednesday. The stock has a market capitalization of C$1.91 billion, a P/E ratio of -36.50, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. NFI Group has a 1 year low of C$10.89 and a 1 year high of C$19.55. The firm has a 50 day moving average of C$17.81 and a 200-day moving average of C$16.57.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.