New Flyer Industries (TSE:NFI) had its price objective raised by equities researchers at CIBC from C$60.00 to C$63.00 in a research report issued to clients and investors on Thursday. CIBC’s price objective suggests a potential upside of 16.80% from the company’s current price.

A number of other brokerages also recently issued reports on NFI. TD Securities cut their price objective on New Flyer Industries from C$63.00 to C$61.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Scotiabank cut their price objective on New Flyer Industries from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Friday, November 10th.

Shares of New Flyer Industries (NFI) traded down C$0.21 during trading hours on Thursday, hitting C$53.94. The company had a trading volume of 128,247 shares, compared to its average volume of 119,699. The company has a market cap of $3,410.00, a P/E ratio of 17.12 and a beta of 0.17. New Flyer Industries has a 52 week low of C$39.90 and a 52 week high of C$57.70.

In other New Flyer Industries news, insider Wayne Ray Joseph sold 2,849 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of C$53.00, for a total value of C$150,997.00.

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About New Flyer Industries

New Flyer Industries Inc manufactures and sells transit buses and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Coach Manufacturing Operations, and Aftermarket Operations. The company also distributes parts with fabrication, manufacturing, distribution, and service centers.

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