NFI Group (OTCMKTS:NFYEF) Stock Price Up 5.9% – Here’s Why

NFI Group Inc. (OTCMKTS:NFYEF) was up 5.9% during mid-day trading on Thursday . The stock traded as high as $16.92 and last traded at $16.7625. Approximately 3,682 shares were traded during trading, a decline of 85% from the average session volume of 25,165 shares. The stock had previously closed at $15.83.

Analysts Set New Price Targets

NFYEF has been the subject of a number of analyst reports. TD Securities reissued a “buy” rating on shares of NFI Group in a research report on Monday, May 11th. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a report on Tuesday, April 28th. BMO Capital Markets reiterated an “outperform” rating on shares of NFI Group in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of NFI Group in a report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

NFI Group Stock Performance

The firm has a fifty day simple moving average of $15.74 and a 200-day simple moving average of $13.57.

NFI Group Company Profile

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.