NFI Group (TSE:NFI) Stock Price Expected to Rise, Scotiabank Analyst Says

NFI Group (TSE:NFI) had its target price increased by investment analysts at Scotiabank from C$21.00 to C$22.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 28.73% from the company’s current price.

Several other research firms have also recently weighed in on NFI. National Bank Financial lowered their price target on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. ATB Cormark Capital Markets boosted their price objective on NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. Finally, TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$22.43.

NFI Group Price Performance

Shares of NFI stock traded up C$0.15 on Friday, reaching C$17.09. The company’s stock had a trading volume of 290,377 shares, compared to its average volume of 292,539. The company has a market capitalization of C$2.04 billion, a P/E ratio of -7.01, a PEG ratio of -0.07 and a beta of 0.22. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.90. The stock’s 50 day simple moving average is C$16.99 and its 200-day simple moving average is C$15.87. The company has a quick ratio of 0.55, a current ratio of 1.42 and a debt-to-equity ratio of 306.77.

Insider Transactions at NFI Group

In other news, insider Brian Keith Dewsnup acquired 4,100 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were bought at an average cost of C$16.14 per share, with a total value of C$66,174.00. Following the acquisition, the insider owned 69,010 shares in the company, valued at approximately C$1,113,821.40. This represents a 6.32% increase in their position. Also, Director Colin Robertson bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of C$15.97 per share, with a total value of C$159,700.00. Following the transaction, the director directly owned 56,217 shares in the company, valued at C$897,785.49. The trade was a 21.64% increase in their ownership of the stock. Insiders bought a total of 15,640 shares of company stock valued at $250,305 over the last quarter. Company insiders own 0.62% of the company’s stock.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.