Brian Vincent Tobin Buys 5,000 Shares of NFI Group Inc (TSE:NFI) Stock

NFI Group Inc (TSE:NFI) Director Brian Vincent Tobin bought 5,000 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of C$9.87 per share, with a total value of C$49,335.00. Following the completion of the purchase, the director now owns 21,780 shares of the company’s stock, valued at approximately C$214,903.26.

NFI opened at C$12.02 on Thursday. The company has a debt-to-equity ratio of 150.72, a current ratio of 1.72 and a quick ratio of 0.79. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 12.91. The firm has a 50 day simple moving average of C$28.23 and a 200 day simple moving average of C$28.26. NFI Group Inc has a fifty-two week low of C$9.12 and a fifty-two week high of C$39.33.

A number of brokerages have weighed in on NFI. Scotiabank dropped their target price on shares of NFI Group from C$38.00 to C$24.00 in a research note on Tuesday. TD Securities dropped their target price on shares of NFI Group from C$30.00 to C$16.50 and set a “hold” rating for the company in a research note on Wednesday. BMO Capital Markets dropped their target price on shares of NFI Group from C$22.00 to C$17.00 in a research note on Wednesday. AltaCorp Capital dropped their target price on shares of NFI Group from C$35.00 to C$30.00 in a research note on Tuesday. Finally, National Bank Financial dropped their price target on shares of NFI Group from C$39.00 to C$33.00 and set an “outperform” rating for the company in a research note on Friday, March 13th.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

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