CIBC Lowers NFI Group (TSE:NFI) Price Target to C$26.00

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NFI Group (TSE:NFI) had its price objective lowered by CIBC from C$35.00 to C$26.00 in a note issued to investors on Tuesday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 116.31% from the company’s current price.

Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered their price objective on NFI Group from C$29.00 to C$22.00 in a research note on Friday, March 13th. Scotiabank decreased their price target on NFI Group from C$38.00 to C$24.00 in a research note on Tuesday. National Bank Financial decreased their price target on NFI Group from C$39.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Finally, AltaCorp Capital cut their price objective on NFI Group from C$43.00 to C$35.00 in a report on Friday, March 13th.

NFI Group stock opened at C$12.02 on Tuesday. The stock’s fifty day moving average price is C$28.23 and its two-hundred day moving average price is C$28.26. NFI Group has a one year low of C$9.12 and a one year high of C$39.33. The company has a debt-to-equity ratio of 150.72, a current ratio of 1.72 and a quick ratio of 0.79. The firm has a market cap of $1.07 billion and a PE ratio of 12.91.

In other news, Director Brian Vincent Tobin acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average price of C$9.87 per share, with a total value of C$49,335.00. Following the acquisition, the director now directly owns 21,780 shares in the company, valued at approximately C$214,903.26.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

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