New Flyer Industries Inc. (TSE:NFI) had its target price decreased by equities research analysts at TD Securities from C$63.00 to C$61.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 21.95% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Scotiabank lowered their target price on shares of New Flyer Industries from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$57.00 target price on shares of New Flyer Industries in a research note on Friday, August 25th. Finally, CIBC lowered their target price on shares of New Flyer Industries from C$61.00 to C$59.00 in a research note on Tuesday, October 17th.

Shares of New Flyer Industries (TSE:NFI) opened at C$50.02 on Friday. New Flyer Industries has a 12 month low of C$37.25 and a 12 month high of C$57.70.

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In other news, insider Paul Warren Dennis Smith sold 4,700 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$50.79, for a total transaction of C$238,713.00. Also, insider Wayne Ray Joseph sold 10,800 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$51.00, for a total transaction of C$550,800.00. Insiders sold a total of 42,500 shares of company stock valued at $2,174,373 over the last ninety days.

New Flyer Industries Company Profile

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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