NFI Group (TSE:NFI) Price Target Raised to C$24.00

NFI Group (TSE:NFI) had its target price hoisted by equities researchers at ATB Capital from C$22.00 to C$24.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 107.79% from the company’s current price.

Other equities analysts have also issued research reports about the company. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. CIBC raised their price target on NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.60.

NFI Group Trading Up 2.8 %

TSE:NFI traded up C$0.31 during trading hours on Thursday, hitting C$11.55. 209,402 shares of the stock were exchanged, compared to its average volume of 350,419. NFI Group has a twelve month low of C$9.91 and a twelve month high of C$19.55. The company’s 50 day moving average is C$12.45 and its two-hundred day moving average is C$15.24. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The company has a market capitalization of C$957.28 million, a P/E ratio of -39.57, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

NFI Group Company Profile

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.