CIBC Lowers NFI Group (NFI) Price Target to C$43.00
NFI Group (TSE:NFI) had its price target cut by CIBC from C$44.00 to C$43.00 in a report issued on Wednesday morning, BayStreet.CA reports.
Several other analysts have also recently weighed in on the company. National Bank Financial reduced their price target on NFI Group from C$44.00 to C$43.00 and set an outperform rating on the stock in a report on Monday. Scotiabank restated a buy rating and set a C$50.00 price target on shares of NFI Group in a report on Sunday. TD Securities downgraded NFI Group from a buy rating to a hold rating and decreased their price target for the stock from C$46.00 to C$35.00 in a report on Friday, March 15th. Finally, BMO Capital Markets decreased their price target on NFI Group from C$39.00 to C$37.00 and set a buy rating for the company in a report on Wednesday, January 16th.
TSE:NFI opened at C$32.04 on Wednesday. The stock has a market cap of $1.95 billion and a PE ratio of 12.59. The company has a current ratio of 1.94, a quick ratio of 0.96 and a debt-to-equity ratio of 83.57. NFI Group has a 1-year low of C$28.47 and a 1-year high of C$59.96.
In other news, Director Vincent James Sardo sold 2,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$32.40, for a total transaction of C$64,800.00. Following the completion of the transaction, the director now owns 14,638 shares in the company, valued at approximately C$474,271.20.
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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