Scotiabank Lowers NFI Group (TSE:NFI) Price Target to C$24.00

NFI Group (TSE:NFI) had its price objective cut by stock analysts at Scotiabank from C$38.00 to C$24.00 in a report issued on Tuesday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 99.67% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. National Bank Financial lowered their price objective on shares of NFI Group from C$39.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. AltaCorp Capital lowered their price objective on shares of NFI Group from C$43.00 to C$35.00 in a research report on Friday, March 13th. BMO Capital Markets lowered their price objective on shares of NFI Group from C$29.00 to C$22.00 in a research report on Friday, March 13th. Finally, CIBC increased their target price on NFI Group from C$36.50 to C$37.50 in a research note on Wednesday, January 15th.

Shares of TSE:NFI opened at C$12.02 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.72 and a debt-to-equity ratio of 150.72. NFI Group has a 52-week low of C$9.12 and a 52-week high of C$39.33. The company has a 50 day moving average of C$28.23 and a two-hundred day moving average of C$28.26. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 12.91.

In other news, Director Brian Vincent Tobin acquired 5,000 shares of NFI Group stock in a transaction that occurred on Tuesday, March 24th. The shares were purchased at an average cost of C$9.87 per share, for a total transaction of C$49,335.00. Following the completion of the purchase, the director now directly owns 21,780 shares of the company’s stock, valued at approximately C$214,903.26.

NFI Group Company Profile

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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