New Flyer Industries Inc. (NFI) Given New C$59.00 Price Target at Scotiabank

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

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

Shares of New Flyer Industries (TSE:NFI) opened at C$51.93 on Friday. New Flyer Industries has a fifty-two week low of C$39.01 and a fifty-two week high of C$57.70.

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In other New Flyer Industries news, insider Paul Warren Dennis Smith sold 20,300 shares of New Flyer Industries stock in a transaction on Thursday, September 7th. The shares were sold at an average price of C$51.11, for a total transaction of C$1,037,533.00. Also, insider Wayne Ray Joseph sold 10,800 shares of New Flyer Industries stock in a transaction on Monday, September 11th. The stock was sold at an average price of C$51.00, for a total transaction of C$550,800.00. In the last three months, insiders sold 40,800 shares of company stock valued at $2,082,046.

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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