NFI Group (TSE:NFI) Reaches New 12-Month Low – Here’s What Happened

Shares of NFI Group Inc. (TSE:NFI) hit a new 52-week low on Wednesday . The company traded as low as C$10.30 and last traded at C$10.39, with a volume of 485048 shares trading hands. The stock had previously closed at C$10.85.

Analysts Set New Price Targets

Several research firms have issued reports on NFI. Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. BMO Capital Markets downgraded shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, CIBC boosted their price objective on shares of NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.20.

NFI Group Price Performance

The firm has a market capitalization of C$1.24 billion, a price-to-earnings ratio of -23.61, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. The business has a fifty day moving average price of C$13.37.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.