Stifel Nicolaus Cuts NFI Group (TSE:NFI) Price Target to C$22.00

NFI Group (TSE:NFI) had its target price cut by Stifel Nicolaus from C$23.00 to C$22.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. ATB Capital lifted their target price on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. CIBC lifted their price objective on NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Finally, BMO Capital Markets lowered their price target on NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NFI Group has a consensus rating of “Buy” and an average price target of C$20.60.

NFI Group Stock Performance

NFI opened at C$15.38 on Wednesday. The stock’s 50 day simple moving average is C$12.97 and its 200-day simple moving average is C$12.87. NFI Group has a 1 year low of C$9.83 and a 1 year high of C$19.55. The stock has a market cap of C$1.27 billion, a PE ratio of -52.69, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59.

NFI Group Company Profile

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.