New Flyer Industries Inc (TSE:NFI) Receives Average Recommendation of “Buy” from Analysts
Shares of New Flyer Industries Inc (TSE:NFI) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$41.60.
A number of research firms recently commented on NFI. BMO Capital Markets boosted their price objective on shares of New Flyer Industries from C$45.00 to C$47.00 and gave the stock a “market perform” rating in a report on Friday, August 12th. National Bank Financial boosted their price objective on shares of New Flyer Industries from C$34.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, June 24th. Scotiabank reaffirmed an “outperform” rating and issued a C$50.00 price target on shares of New Flyer Industries in a report on Wednesday, September 7th. Finally, CIBC upped their price target on shares of New Flyer Industries from C$50.00 to C$51.00 in a report on Friday, August 12th.
Shares of New Flyer Industries (TSE:NFI) traded down 0.38% during midday trading on Friday, reaching $39.22. The company’s stock had a trading volume of 44,760 shares. The company has a 50 day moving average price of $42.08 and a 200-day moving average price of $39.79. The stock has a market capitalization of $2.35 billion and a PE ratio of 25.67. New Flyer Industries has a 52 week low of $18.04 and a 52 week high of $44.87.
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In other news, Director Vincent James Sardo sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of C$43.05, for a total value of C$64,575.00.
About New Flyer Industries
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