NFI Group (TSE:NFI) Price Target Cut to C$22.00 by Analysts at National Bankshares

NFI Group (TSE:NFI) had its price target cut by stock analysts at National Bankshares from C$23.00 to C$22.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 40.66% from the stock’s current price.

A number of other research analysts have also commented on NFI. CIBC decreased their price target on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Monday. BMO Capital Markets raised shares of NFI Group from a “hold” rating to a “strong-buy” rating and lifted their target price for the stock from C$14.00 to C$23.00 in a research note on Thursday, July 17th. Scotiabank reduced their price objective on shares of NFI Group from C$23.00 to C$22.00 in a report on Monday. Finally, Stifel Nicolaus lifted their price objective on shares of NFI Group from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, NFI Group has an average rating of “Buy” and an average target price of C$22.67.

NFI Group Price Performance

Shares of TSE NFI traded down C$0.53 during mid-day trading on Monday, hitting C$15.64. 417,219 shares of the stock were exchanged, compared to its average volume of 286,031. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71. The company has a market cap of C$1.86 billion, a P/E ratio of -11.44, a PEG ratio of -0.07 and a beta of 0.75. The stock’s fifty day simple moving average is C$18.47 and its two-hundred day simple moving average is C$15.76. NFI Group has a twelve month low of C$9.83 and a twelve month high of C$19.90.

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.