CIBC Forecasts Strong Price Appreciation for NFI Group (TSE:NFI) Stock

NFI Group (TSE:NFI) had its target price boosted by CIBC from C$18.50 to C$21.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also commented on the company. BMO Capital Markets lowered NFI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their target price on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.20.

NFI Group Price Performance

TSE NFI opened at C$14.35 on Wednesday. NFI Group has a twelve month low of C$10.89 and a twelve month high of C$19.55. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. The stock has a market capitalization of C$1.71 billion, a PE ratio of -32.61, a P/E/G ratio of -0.07 and a beta of 1.41. The stock has a 50-day simple moving average of C$16.48 and a 200 day simple moving average of C$16.87.

NFI Group Company Profile

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.