New Flyer Industries Inc (NFI) Price Target Cut to C$49.00 by Analysts at Scotiabank
New Flyer Industries Inc (TSE:NFI) had its price target dropped by equities research analysts at Scotiabank from C$50.00 to C$49.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 29.53% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. CIBC decreased their price target on shares of New Flyer Industries from C$51.00 to C$50.00 in a report on Tuesday. BMO Capital Markets raised their target price on shares of New Flyer Industries from C$45.00 to C$47.00 and gave the company a “market perform” rating in a research note on Friday, August 12th. Finally, National Bank Financial raised their target price on shares of New Flyer Industries from C$34.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, June 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$41.20.
New Flyer Industries (TSE:NFI) traded up 1.72% during trading on Tuesday, reaching $38.48. 306,639 shares of the company’s stock traded hands. The stock has a market capitalization of $2.30 billion and a P/E ratio of 25.18. The stock has a 50-day moving average price of $41.40 and a 200 day moving average price of $40.19. New Flyer Industries has a 1-year low of $18.04 and a 1-year high of $44.87.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/new-flyer-industries-inc-nfi-price-target-cut-to-c49-00-by-analysts-at-scotiabank.html
In related news, Director Vincent James Sardo sold 1,500 shares of New Flyer Industries stock in a transaction on Thursday, September 8th. The shares were sold at an average price of C$43.05, for a total transaction of C$64,575.00.
Receive News & Ratings for New Flyer Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Flyer Industries Inc and related companies with MarketBeat.com's FREE daily email newsletter.