Scotiabank Cuts New Flyer Industries Inc (NFI) Price Target to C$49.00
New Flyer Industries Inc (TSE:NFI) had its target price decreased by stock analysts at Scotiabank from C$50.00 to C$49.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 29.53% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. CIBC lifted their target price on shares of New Flyer Industries from C$50.00 to C$51.00 in a research report on Friday, August 12th. National Bank Financial lifted their target price on shares of New Flyer Industries from C$34.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, June 24th. Finally, BMO Capital Markets lifted their target price 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 report on Friday, August 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$41.20.
New Flyer Industries (TSE:NFI) traded up 2.38% during midday trading on Tuesday, hitting $38.73. 354,125 shares of the company were exchanged. The firm has a market capitalization of $2.32 billion and a PE ratio of 25.35. New Flyer Industries has a 1-year low of $18.04 and a 1-year high of $44.87. The stock has a 50 day moving average of $41.40 and a 200 day moving average of $40.19.
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In other New Flyer Industries news, Director Vincent James Sardo sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$43.05, for a total value of C$64,575.00.
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