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.
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.
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