Shares of New Flyer Industries Inc (TSE:NFI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$60.49 and last traded at C$60.09, with a volume of 196593 shares traded. The stock had previously closed at C$57.90.
Several brokerages have issued reports on NFI. CIBC upped their target price on New Flyer Industries from C$63.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TD Securities increased their price objective on New Flyer Industries from C$65.00 to C$67.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Scotiabank increased their price objective on New Flyer Industries from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, National Bank Financial reissued a “sector perform overweight” rating on shares of New Flyer Industries in a research note on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$62.60.
The firm has a market capitalization of $3,650.00, a P/E ratio of 18.38 and a beta of 0.18.
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About New Flyer Industries
New Flyer Industries Inc manufactures and sells transit buses and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Coach Manufacturing Operations, and Aftermarket Operations. The company also distributes parts with fabrication, manufacturing, distribution, and service centers.
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