NFI Group (TSE:NFI) Price Target Raised to C$20.00

NFI Group (TSE:NFI) had its price target raised by CIBC from C$19.00 to C$20.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on NFI. ATB Capital increased their price target on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets lowered their target price on NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. Finally, Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$20.80.

NFI Group Stock Performance

TSE NFI opened at C$12.74 on Monday. The stock has a market cap of C$1.06 billion, a PE ratio of -43.65, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group has a twelve month low of C$9.91 and a twelve month high of C$19.55. The stock has a fifty day simple moving average of C$11.97 and a 200-day simple moving average of C$14.75.

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.