NFI Group (TSE:NFI) Price Target Raised to C$28.00 at ATB Cormark Capital Markets

NFI Group (TSE:NFI) had its price target lifted by ATB Cormark Capital Markets from C$27.00 to C$28.00 in a research note published on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on NFI. BMO Capital Markets cut their price objective on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. National Bank Financial decreased their target price on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Finally, TD Securities raised NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, NFI Group currently has an average rating of “Buy” and a consensus target price of C$22.43.

NFI Group Stock Performance

TSE:NFI opened at C$16.94 on Friday. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.90. The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13. The stock has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -6.95, a PEG ratio of -0.07 and a beta of 0.22. The firm has a fifty day simple moving average of C$17.00 and a two-hundred day simple moving average of C$15.86.

Insider Buying and Selling at NFI Group

In other NFI Group news, insider Brian Keith Dewsnup acquired 4,100 shares of the stock in a transaction on Friday, December 26th. The shares were purchased at an average price of C$16.14 per share, for a total transaction of C$66,174.00. Following the completion of the acquisition, the insider owned 69,010 shares in the company, valued at approximately C$1,113,821.40. This represents a 6.32% increase in their position. Also, Director Colin Robertson acquired 10,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was acquired at an average cost of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of the purchase, the director directly owned 56,217 shares of the company’s stock, valued at approximately C$897,785.49. This represents a 21.64% increase in their position. In the last 90 days, insiders have acquired 15,640 shares of company stock worth $250,305. Corporate insiders own 0.62% of the company’s stock.

NFI Group Company Profile

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.