New Flyer Industries Inc. (NFI) Price Target Cut to C$59.00 by Analysts at Scotiabank

New Flyer Industries Inc. (TSE:NFI) had its target price decreased by Scotiabank from C$60.00 to C$59.00 in a research report released on Friday morning. Scotiabank currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the company. BMO Capital Markets reaffirmed a market perform rating and set a C$57.00 price target on shares of New Flyer Industries in a research report on Friday, August 25th. CIBC lowered their price target on New Flyer Industries from C$61.00 to C$59.00 in a research report on Tuesday, October 17th. Finally, TD Securities lifted their price target on New Flyer Industries from C$62.00 to C$63.00 and gave the stock a buy rating in a research report on Friday, July 14th.



New Flyer Industries (TSE NFI) traded down C$1.19 during trading on Friday, hitting C$50.02. The stock had a trading volume of 383,602 shares, compared to its average volume of 149,172. New Flyer Industries has a 52-week low of C$37.25 and a 52-week high of C$57.70.

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In other New Flyer Industries news, insider Paul Warren Dennis Smith sold 4,700 shares of New Flyer Industries stock in a transaction dated Friday, September 8th. The stock was sold at an average price of C$50.79, for a total transaction of C$238,713.00. Also, Director Vincent James Sardo sold 1,700 shares of New Flyer Industries stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$54.31, for a total value of C$92,327.00. In the last ninety days, insiders have sold 42,500 shares of company stock valued at $2,174,373.

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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