NFI Group (TSE:NFI) Given New C$24.00 Price Target at ATB Capital

NFI Group (TSE:NFI) had its price target lifted by ATB Capital from C$22.00 to C$24.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. CIBC raised their price target on shares of NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NFI Group presently has an average rating of “Moderate Buy” and an average target price of C$22.60.

NFI Group Trading Up 2.2 %

Shares of NFI stock opened at C$11.49 on Thursday. NFI Group has a 1-year low of C$9.91 and a 1-year high of C$19.55. The company has a market cap of C$952.31 million, a price-to-earnings ratio of -39.36, a PEG ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The stock has a 50 day simple moving average of C$12.40 and a 200-day simple moving average of C$15.20.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.