New Flyer Industries Inc (TSE:NFI) Price Target Increased to C$60.00 by Analysts at Scotiabank

New Flyer Industries Inc (TSE:NFI) had its price target increased by equities research analysts at Scotiabank from C$59.00 to C$60.00 in a report issued on Friday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 10.31% from the company’s previous close.

Separately, TD Securities boosted their price objective on shares of New Flyer Industries from C$53.00 to C$60.00 in a report on Monday, April 17th.

Shares of New Flyer Industries (TSE:NFI) traded down 1.25% during mid-day trading on Friday, reaching $53.71. 245,123 shares of the company were exchanged. The stock has a market capitalization of $3.33 billion and a P/E ratio of 22.49. New Flyer Industries has a 12 month low of $36.25 and a 12 month high of $57.70. The firm has a 50-day moving average price of $53.17 and a 200 day moving average price of $50.02.

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In other news, Director Brian Vincent Tobin sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of C$54.18, for a total value of C$1,083,600.00. Also, Director Vincent James Sardo sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of C$54.60, for a total transaction of C$27,300.00. In the last quarter, insiders bought 587 shares of company stock valued at $26,845 and sold 596,925 shares valued at $33,423,667.

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