New Flyer Industries Inc (NFI) PT Lowered to C$50.00
New Flyer Industries Inc (TSE:NFI) had its price objective decreased by analysts at CIBC from C$51.00 to C$50.00 in a research note issued to investors on Tuesday. CIBC’s price target points to a potential upside of 32.17% from the company’s current price.
NFI has been the topic of several other research reports. Scotiabank reissued an “outperform” rating and issued a C$50.00 target price on shares of New Flyer Industries in a research note on Friday, September 23rd. National Bank Financial raised their price target on shares of New Flyer Industries from C$34.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, June 24th. Finally, BMO Capital Markets raised their price target on shares of New Flyer Industries from C$45.00 to C$47.00 and gave the stock a “market perform” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$41.20.
Shares of New Flyer Industries (TSE:NFI) traded up 2.38% on Tuesday, hitting $38.73. 354,125 shares of the stock traded hands. The stock’s 50 day moving average price is $41.40 and its 200 day moving average price is $40.19. New Flyer Industries has a 52-week low of $18.04 and a 52-week high of $44.87. The stock has a market cap of $2.32 billion and a P/E ratio of 25.35.
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In other New Flyer Industries news, Director Vincent James Sardo sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$43.05, for a total transaction of C$64,575.00.
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