NFI Group (TSE:NFI) Sets New 12-Month Low – Should You Sell?

NFI Group Inc. (TSE:NFI)’s share price reached a new 52-week low on Monday . The stock traded as low as C$9.83 and last traded at C$10.00, with a volume of 30554 shares. The stock had previously closed at C$10.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFI. BMO Capital Markets dropped their target price on shares of NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. CIBC upped their price objective on NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Finally, ATB Capital boosted their target price on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NFI Group has a consensus rating of “Buy” and a consensus price target of C$20.80.

NFI Group Stock Up 0.4 %

The stock has a market cap of C$877.72 million, a P/E ratio of -36.28, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a 50 day moving average of C$11.58. 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 Company Profile

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.