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

NFI Group (TSE:NFI) had its price target boosted by equities research analysts at CIBC from C$19.00 to C$20.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 57.23% from the stock’s current price.

A number of other equities analysts have also commented on NFI. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. BMO Capital Markets decreased their price objective on NFI Group from C$14.00 to C$13.00 in a research report on Friday. Finally, ATB Capital boosted their target price on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$20.80.

NFI Group Trading Down 5.2 %

Shares of NFI Group stock traded down C$0.70 during mid-day trading on Monday, reaching C$12.72. 242,695 shares of the stock were exchanged, compared to its average volume of 379,978. The company has a market capitalization of C$1.05 billion, a P/E ratio of -43.58, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. 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 50-day simple moving average of C$12.08. 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 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.