Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$22.20

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$22.20.

Several analysts recently issued reports on NFI shares. Cibc World Mkts raised shares of NFI Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th. BMO Capital Markets downgraded NFI Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, CIBC raised their target price on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th.

NFI Group Trading Up 2.7 %

NFI Group stock traded up C$0.36 during mid-day trading on Monday, hitting C$13.69. The company had a trading volume of 100,248 shares, compared to its average volume of 226,355. 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 stock has a market cap of C$1.63 billion, a P/E ratio of -31.11, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The firm's fifty day moving average is C$14.30. NFI Group has a 12-month low of C$10.89 and a 12-month high of C$19.55.

About NFI Group

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.