NFI Group Inc. (TSE:NFI) Given Average Recommendation of “Buy” by Analysts

Shares of NFI Group Inc. (TSE:NFI) have received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$22.14.

Several brokerages recently weighed in on NFI. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. BMO Capital Markets cut their target price on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. Finally, National Bank Financial reduced their target price on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd.

Insider Buying and Selling at NFI Group

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

NFI Group Trading Down 1.9%

TSE NFI opened at C$15.82 on Friday. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.90. The company has a current ratio of 1.42, a quick ratio of 0.55 and a debt-to-equity ratio of 306.77. The stock’s fifty day moving average price is C$16.95 and its 200-day moving average price is C$15.86. The stock has a market cap of C$1.88 billion, a P/E ratio of -6.49, a P/E/G ratio of -0.07 and a beta of 0.22.

About NFI Group

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¿.