Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$22.20

Shares of NFI Group Inc. (TSE:NFI) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$22.20.

Several brokerages have recently weighed in on NFI. Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. BMO Capital Markets downgraded shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, CIBC raised their price objective on NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th.

NFI Group Price Performance

NFI stock opened at C$13.76 on Thursday. The business has a 50 day moving average price of C$15.11 and a 200 day moving average price of C$16.68. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. The stock has a market cap of C$1.64 billion, a price-to-earnings ratio of -31.27, a PEG ratio of -0.07 and a beta of 1.41. NFI Group has a fifty-two week low of C$10.89 and a fifty-two week high of C$19.55.

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.