NFI Group Inc. (TSE:NFI) Receives C$22.20 Consensus Target Price from Brokerages

NFI Group Inc. (TSE:NFI) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$22.20.

NFI has been the subject of several research analyst reports. CIBC raised their price objective on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. BMO Capital Markets lowered shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

NFI Group Stock Performance

Shares of NFI stock opened at C$14.00 on Thursday. The business has a fifty day moving average of C$14.89 and a 200 day moving average of C$16.62. NFI Group has a 1 year low of C$10.89 and a 1 year high of C$19.55. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -31.82, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

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.