New Flyer Industries Inc. (TSE:NFI)’s share price rose 3.7% during mid-day trading on Monday . The company traded as high as C$52.00 and last traded at C$51.93. Approximately 211,648 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 156,695 shares. The stock had previously closed at C$50.07.

NFI has been the subject of a number of recent analyst reports. Scotiabank decreased their target price on shares of New Flyer Industries from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. TD Securities decreased their target price on shares of New Flyer Industries from C$63.00 to C$61.00 and set a “buy” rating for the company in a research report on Friday, November 10th. CIBC decreased their target price on shares of New Flyer Industries from C$61.00 to C$59.00 in a research report on Tuesday, October 17th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$57.00 target price on shares of New Flyer Industries in a research report on Friday, August 25th.

In other news, insider Paul Warren Dennis Smith sold 20,300 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of C$51.11, for a total value of C$1,037,533.00. Also, insider Wayne Ray Joseph sold 10,800 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of C$51.00, for a total transaction of C$550,800.00. Insiders sold a total of 40,800 shares of company stock valued at $2,082,046 over the last three months.

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New Flyer Industries Company Profile

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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