ATB Capital Forecasts Strong Price Appreciation for NFI Group (TSE:NFI) Stock

NFI Group (TSE:NFI) had its price target raised by research analysts at ATB Capital from C$24.00 to C$26.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective suggests a potential upside of 104.40% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on NFI. CIBC lifted their price target on shares of NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets decreased their price target on shares of NFI Group from C$14.00 to C$13.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$20.80.

NFI Group Trading Down 5.2 %

NFI traded down C$0.70 on Monday, reaching C$12.72. The stock had a trading volume of 242,695 shares, compared to its average volume of 379,978. The company has a 50-day moving average price of C$12.08. 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 has a 12-month low of C$9.91 and a 12-month high of C$19.55. The company has a market cap of C$1.05 billion, a P/E ratio of -43.58, a P/E/G ratio of -0.07 and a beta of 1.41.

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.