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

NFI Group (TSE:NFI) had its price objective upped by ATB Capital from C$22.00 to C$24.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

NFI has been the subject of several other reports. CIBC lifted their price objective on shares of NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NFI Group has a consensus rating of “Moderate Buy” and a consensus target price of C$22.60.

NFI Group Trading Up 2.2 %

Shares of TSE:NFI opened at C$11.49 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. NFI Group has a 52-week low of C$9.91 and a 52-week high of C$19.55. The stock 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 business has a 50-day moving average price of C$12.40 and a 200-day moving average price 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.