NFI Group (NFI) Price Target Cut to C$44.00
NFI Group (TSE:NFI) had its price objective lowered by investment analysts at National Bank Financial from C$46.00 to C$44.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 41.94% from the stock’s current price.
Several other research firms have also recently commented on NFI. BMO Capital Markets reduced their target price on shares of NFI Group from C$44.00 to C$39.00 in a research note on Wednesday, November 21st. CIBC reduced their target price on shares of NFI Group from C$61.00 to C$50.00 in a research note on Tuesday, December 11th. Finally, TD Securities reduced their target price on shares of NFI Group from C$51.00 to C$46.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th.
NFI stock opened at C$31.00 on Friday. NFI Group has a one year low of C$28.47 and a one year high of C$61.25. The firm has a market capitalization of $1.92 billion and a PE ratio of 10.12. The company has a quick ratio of 0.98, a current ratio of 1.95 and a debt-to-equity ratio of 79.33.
About NFI Group
NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.
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