NFI Group (TSE:NFI) Given New C$34.00 Price Target at TD Securities
NFI Group (TSE:NFI) had its price target trimmed by TD Securities from C$37.00 to C$34.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Other equities research analysts also recently issued research reports about the company. Scotiabank reaffirmed a buy rating and issued a C$50.00 target price on shares of NFI Group in a research report on Sunday, April 21st. BMO Capital Markets reaffirmed a market perform rating and issued a C$36.00 target price on shares of NFI Group in a research report on Tuesday, June 18th. CIBC reduced their price target on NFI Group from C$45.00 to C$41.00 in a report on Wednesday. Finally, National Bank Financial increased their price target on NFI Group from C$41.00 to C$43.00 and gave the company an outperform rating in a report on Wednesday, May 29th.
Shares of TSE NFI opened at C$31.00 on Wednesday. NFI Group has a 1-year low of C$28.47 and a 1-year high of C$52.48. The stock has a 50-day moving average of C$36.46. The company has a debt-to-equity ratio of 103.69, a current ratio of 1.99 and a quick ratio of 0.87. The stock has a market capitalization of $2.01 billion and a P/E ratio of 13.25.
In other NFI Group news, Director Larry Dean Edwards purchased 5,000 shares of NFI Group stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of C$33.51 per share, with a total value of C$167,574.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately C$335,148.
About NFI Group
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.
See Also: What is a back-end load?
Receive News & Ratings for NFI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NFI Group and related companies with MarketBeat.com's FREE daily email newsletter.