NFI Group (TSE:NFI) Stock Price Expected to Rise, CIBC Analyst Says

NFI Group (TSE:NFI) had its target price raised by research analysts at CIBC from C$18.50 to C$21.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 45.23% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of NFI Group from C$18.00 to C$23.00 in a research report on Tuesday, August 6th. BMO Capital Markets cut shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, NFI Group currently has an average rating of “Moderate Buy” and a consensus price target of C$22.20.

NFI Group Price Performance

NFI stock traded up C$0.20 during trading on Wednesday, hitting C$14.46. 388,958 shares of the stock traded hands, compared to its average volume of 243,429. NFI Group has a one year low of C$10.89 and a one year high of C$19.55. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -32.86, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a 50 day simple moving average of C$16.57 and a 200 day simple moving average of C$16.88. 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 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.