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NFI Group Inc ( (TSE:NFI) ) has provided an update.
NFI Group Inc.’s subsidiary, Alexander Dennis Limited, has announced a consultation on a new UK manufacturing strategy, which involves consolidating its bus body manufacturing operations into a single site in Scarborough, England. This move, driven by changing market dynamics, will potentially place up to 400 roles at risk of redundancy and impact the domestic supply chain. The strategy aims to lower costs, increase efficiency, and enhance financial sustainability. Alexander Dennis is also restructuring key customer support teams to focus on quality and reliability. The announcement highlights challenges in the UK policy environment, which the company believes does not incentivize local content and job creation.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
Spark’s Take on TSE:NFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFI is a Neutral.
NFI Group Inc’s stock score reflects mixed financial performance with strong revenue growth but ongoing profitability challenges. Positive technical indicators and corporate events support the stock, while valuation metrics remain a significant downside.
To see Spark’s full report on TSE:NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a leading global bus manufacturer offering a wide range of propulsion-agnostic bus and coach platforms, including market-leading electric models. The company focuses on providing scalable smart mobility solutions through its low- and zero-emission buses and coaches, infrastructure, and technology. NFI operates under several brands, including New Flyer, MCI, Alexander Dennis Limited, Plaxton, and ARBOC, and supports an installed base of over 100,000 buses and coaches worldwide.
Average Trading Volume: 269,177
Technical Sentiment Signal: Buy
Current Market Cap: C$1.82B
For an in-depth examination of NFI stock, go to TipRanks’ Stock Analysis page.