New Flyer Industries (TSE:NFI) had its price objective lifted by stock analysts at Scotiabank from C$60.00 to C$63.00 in a report released on Friday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 11.35% from the company’s current price.

A number of other analysts have also commented on the company. CIBC boosted their target price on New Flyer Industries from C$59.00 to C$60.00 in a research report on Monday, December 4th. TD Securities boosted their target price on New Flyer Industries from C$61.00 to C$62.00 in a research report on Monday, December 4th.

New Flyer Industries (NFI) traded up C$1.18 during mid-day trading on Friday, hitting C$56.58. The stock had a trading volume of 229,353 shares, compared to its average volume of 158,452. New Flyer Industries has a 1 year low of C$39.90 and a 1 year high of C$57.70. The company has a market cap of $3,490.00, a price-to-earnings ratio of 17.96 and a beta of 0.17.

In related news, insider Wayne Ray Joseph sold 2,849 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of C$53.00, for a total value of C$150,997.00.

ILLEGAL ACTIVITY WARNING: “Scotiabank Increases New Flyer Industries (NFI) Price Target to C$63.00” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/12/scotiabank-increases-new-flyer-industries-nfi-price-target-to-c63-00.html.

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.

Receive News & Ratings for New Flyer Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Flyer Industries and related companies with MarketBeat.com's FREE daily email newsletter.