Scotiabank Issues Positive Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its price target hoisted by Scotiabank from C$21.00 to C$22.00 in a report released on Friday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other research firms have also commented on NFI. ATB Cormark Capital Markets raised their price target 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 dropped their price objective on NFI Group from C$18.00 to C$17.00 in a report on Monday, December 8th. National Bank Financial cut their target price on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Finally, TD Securities raised NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$22.43.

NFI Group Price Performance

NFI Group stock opened at C$16.94 on Friday. The firm has a 50 day simple moving average of C$17.00 and a 200 day simple moving average of C$15.86. The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.90. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -6.95, a P/E/G ratio of -0.07 and a beta of 0.22.

Insider Buying and Selling at NFI Group

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

NFI Group Company Profile

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¿.