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NFI Group Inc ( (TSE:NFI) ) just unveiled an update.
NFI Group’s subsidiary, Alexander Dennis, has announced plans to maintain its bus manufacturing operations in Scotland, following support from the Scottish Government and Scottish Enterprise. This decision, which includes a furlough scheme to sustain future manufacturing capacity, is expected to save hundreds of jobs and support 1,000 suppliers across the UK. The announcement comes amid increased demand for Alexander Dennis’s buses and is seen as a positive step for preserving Scottish manufacturing expertise in a competitive market. However, some roles not directly linked to Scottish manufacturing remain at risk of redundancy. The decision does not alter NFI’s financial guidance for 2025 but will reduce a previously recorded restructuring provision.
The most recent analyst rating on (TSE:NFI) stock is a Hold with a C$19.50 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. shows strong demand and backlog, with improvements in financial metrics and refinancing efforts. However, significant financial challenges remain, including high leverage, negative profitability, and valuation concerns. Technical indicators are moderately positive, but the negative P/E ratio and lack of dividend yield suggest caution.
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 that offers a wide range of propulsion-agnostic bus and coach platforms, including market-leading electric models. The company focuses on low- and zero-emission buses and coaches, infrastructure, and technology to meet urban demands for scalable smart mobility solutions. NFI operates under several brands, including New Flyer, MCI, Alexander Dennis Limited, Plaxton, ARBOC, and NFI Parts, and supports an installed base of over 100,000 buses and coaches worldwide.
Average Trading Volume: 221,361
Technical Sentiment Signal: Buy
Current Market Cap: C$2.14B
Learn more about NFI stock on TipRanks’ Stock Analysis page.