ATB Capital Boosts NFI Group (TSE:NFI) Price Target to C$24.00

NFI Group (TSE:NFI - Free Report) had its target price raised by ATB Capital from C$22.00 to C$24.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on NFI. CIBC upped their price target on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Cibc World Mkts upgraded shares of NFI Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$22.60.

NFI Group Price Performance

Shares of NFI Group stock traded down C$0.75 on Thursday, hitting C$10.53. The company had a trading volume of 545,343 shares, compared to its average volume of 360,868. The company has a market capitalization of C$872.74 million, a price-to-earnings ratio of -36.07, a P/E/G ratio of -0.07 and a beta of 1.41. NFI Group has a twelve month low of C$9.91 and a twelve month high of C$19.55. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The company has a 50-day simple moving average of C$12.29.

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.