NFI Group (TSE:NFI) Price Target Raised to C$23.00 at Stifel Nicolaus

NFI Group (TSE:NFI) had its target price lifted by equities research analysts at Stifel Nicolaus from C$18.00 to C$23.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 21.69% from the company’s current price.

NFI has been the subject of a number of other research reports. National Bankshares lifted their target price on NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday. Stifel Canada raised NFI Group from a “hold” rating to a “buy” rating in a report on Monday, May 6th. BMO Capital Markets lifted their target price on NFI Group from C$15.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday. ATB Capital boosted their price objective on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Cibc World Mkts raised NFI Group from a “strong sell” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$22.00.

NFI Group Stock Performance

NFI Group stock traded up C$0.05 during midday trading on Tuesday, reaching C$18.90. The stock had a trading volume of 180,236 shares, compared to its average volume of 200,051. NFI Group has a 12 month low of C$10.85 and a 12 month high of C$19.30. The firm’s 50-day moving average price is C$16.24 and its 200 day moving average price is C$13.79. The firm has a market capitalization of C$2.25 billion, a PE ratio of -14.43, a P/E/G ratio of -0.07 and a beta of 1.38. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 165.99.

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.