New Flyer Industries Inc. (TSE:NFI) shares were up 3.7% during mid-day trading on Monday . The company traded as high as C$52.00 and last traded at C$51.93. Approximately 211,648 shares changed hands during trading, an increase of 35% from the average daily volume of 156,695 shares. The stock had previously closed at C$50.07.
A number of research analysts have issued reports on NFI shares. Scotiabank boosted their price objective on shares of New Flyer Industries from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. BMO Capital Markets restated a “market perform” rating and set a C$57.00 target price on shares of New Flyer Industries in a report on Friday, August 25th. CIBC dropped their target price on shares of New Flyer Industries from C$61.00 to C$59.00 in a report on Tuesday, October 17th. Finally, TD Securities dropped their target price on shares of New Flyer Industries from C$63.00 to C$61.00 and set a “buy” rating on the stock in a report on Friday.
In related news, insider Paul Warren Dennis Smith sold 4,700 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of C$50.79, for a total value of C$238,713.00. Also, insider Wayne Ray Joseph sold 10,800 shares of the company’s stock in a transaction dated 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 90 days, insiders have sold 40,800 shares of company stock worth $2,082,046.
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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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