NFI Group Inc. (TSE:NFI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of NFI Group Inc. (TSE:NFI) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$20.60.

A number of analysts recently commented on the stock. CIBC upped their price target on shares of NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. BMO Capital Markets lowered their target price on shares of NFI Group from C$14.00 to C$13.00 in a research note on Friday. ATB Capital increased their target price on shares of NFI Group from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.

NFI Group Stock Performance

Shares of NFI stock opened at C$13.42 on Tuesday. The stock has a market capitalization of C$1.11 billion, a P/E ratio of -45.97, a PEG ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm’s 50 day moving average is C$12.08 and its 200 day moving average is C$14.86. NFI Group has a 12 month low of C$9.91 and a 12 month high of C$19.55.

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.