Scotiabank Increases NFI Group (OTCMKTS:NFYEF) Price Target to $34.00

NFI Group (OTCMKTS:NFYEF) had its target price boosted by analysts at Scotiabank from $23.00 to $34.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 38.10% from the company’s current price.

A number of other research firms have also commented on NFYEF. TD Securities raised shares of NFI Group from a “hold” rating to a “buy” rating in a research report on Tuesday. CIBC lifted their price target on shares of NFI Group from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, January 4th. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $34.67.

OTCMKTS:NFYEF opened at $24.62 on Tuesday. NFI Group has a 12 month low of $6.38 and a 12 month high of $25.56. The company’s 50 day moving average is $18.47 and its 200-day moving average is $13.96.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. The company operates through two segments, Manufacturing Operations and Aftermarket Operations. It offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.

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Analyst Recommendations for NFI Group (OTCMKTS:NFYEF)

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