Insider Buying: NFI Group Inc (TSE:NFI) Director Buys C$251,460.00 in Stock

NFI Group Inc (TSE:NFI) Director Larry Dean Edwards bought 10,000 shares of NFI Group stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of C$25.15 per share, for a total transaction of C$251,460.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at C$502,920.

Larry Dean Edwards also recently made the following trade(s):

  • On Friday, May 31st, Larry Dean Edwards bought 5,000 shares of NFI Group stock. The shares were purchased at an average cost of C$33.51 per share, for a total transaction of C$167,574.00.

TSE:NFI opened at C$26.03 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.87 and a debt-to-equity ratio of 159.36. The business’s 50 day moving average is C$30.70 and its two-hundred day moving average is C$33.17. NFI Group Inc has a 52 week low of C$24.89 and a 52 week high of C$52.48. The company has a market cap of $1.62 billion and a PE ratio of 15.49.

A number of research firms have commented on NFI. BMO Capital Markets reduced their target price on NFI Group from C$33.00 to C$30.00 in a report on Thursday, August 15th. TD Securities reduced their target price on NFI Group from C$34.00 to C$30.00 and set a “hold” rating on the stock in a report on Friday, August 16th. CIBC reduced their target price on NFI Group from C$45.00 to C$41.00 in a report on Wednesday, July 17th. Finally, National Bank Financial reduced their target price on NFI Group from C$39.00 to C$37.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

Further Reading: Leveraged Buyout (LBO) Explained

Insider Buying and Selling by Quarter for NFI Group (TSE:NFI)

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