NFI Group (TSE:NFI) Reaches New 1-Year Low – Here’s Why

NFI Group Inc. (TSE:NFI)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$9.83 and last traded at C$10.00, with a volume of 30554 shares traded. The stock had previously closed at C$10.55.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NFI shares. BMO Capital Markets lowered their target price on NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. CIBC increased their price objective on NFI Group from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Finally, ATB Capital lifted their target price on NFI Group from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$20.80.

NFI Group Stock Up 0.4 %

The company has a market cap of C$877.72 million, a PE ratio of -36.28, a P/E/G ratio of -0.07 and a beta of 1.41. The stock’s 50 day moving average is C$11.58. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

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.