NFI Group (TSE:NFI) Given New C$20.00 Price Target at CIBC

NFI Group (TSE:NFI) had its target price raised by CIBC from C$19.00 to C$20.00 in a report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of NFI Group from C$14.00 to C$13.00 in a research note on Friday, March 14th. ATB Capital boosted their target price on shares of NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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 price-to-earnings ratio of -43.65, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The business has a fifty day moving average of C$11.97 and a 200-day moving average of C$14.75. NFI Group has a fifty-two week low of C$9.91 and a fifty-two week high of C$19.55. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

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.