BMO Capital Markets Increases NFI Group (TSE:NFI) Price Target to C$23.00

NFI Group (TSE:NFI) had its price objective hoisted by BMO Capital Markets from C$15.00 to C$23.00 in a research report released on Friday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Canada upgraded NFI Group from a hold rating to a buy rating in a report on Monday, May 6th. CIBC increased their price objective on NFI Group from C$12.00 to C$12.50 and gave the stock an underperform rating in a report on Tuesday, May 7th. ATB Capital increased their price target on NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a research report on Monday, May 6th. Stifel Nicolaus raised NFI Group from a hold rating to a buy rating and increased their price target for the company from C$15.00 to C$18.00 in a research report on Monday, May 6th. Finally, National Bankshares increased their price target on NFI Group from C$19.00 to C$21.00 and gave the company an outperform rating in a research report on Friday, June 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, NFI Group currently has an average rating of Moderate Buy and an average target price of C$21.00.

NFI Group Stock Down 1.2 %

TSE:NFI opened at C$18.85 on Friday. The company has a debt-to-equity ratio of 165.99, a quick ratio of 0.55 and a current ratio of 1.81. The company has a market cap of C$2.24 billion, a PE ratio of -14.39, a PEG ratio of -0.07 and a beta of 1.38. NFI Group has a 52-week low of C$10.85 and a 52-week high of C$19.30. The stock has a 50-day simple moving average of C$16.24 and a 200 day simple moving average of C$13.79.

NFI Group Company Profile

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.