NFI Group (OTCMKTS:NFYEF) Shares Up 2% – Here’s Why

NFI Group Inc. (OTCMKTS:NFYEF)’s share price rose 2% during mid-day trading on Wednesday . The company traded as high as $17.04 and last traded at $17.04. 13,309 shares were traded during mid-day trading, a decline of 55% from the average session volume of 29,847 shares. The stock had previously closed at $16.71.

Analysts Set New Price Targets

NFYEF has been the subject of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of NFI Group in a research note on Friday, August 7th. Scotiabank restated an “outperform” rating on shares of NFI Group in a research note on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of NFI Group in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, NFI Group currently has an average rating of “Buy”.

NFI Group Stock Up 2.0%

The business has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $15.80.

About NFI Group

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.