Finning International Inc. (FTT) Price Target Increased to C$28.50 by Analysts at Scotiabank
Finning International Inc. (TSE:FTT) had its target price boosted by Scotiabank from C$23.50 to C$28.50 in a report published on Wednesday morning. They currently have an outperform rating on the stock.
FTT has been the topic of several other reports. Raymond James Financial Inc. raised their target price on Finning International from C$22.50 to C$24.00 and gave the stock a market perform rating in a report on Monday, September 26th. National Bank Financial upgraded Finning International from an underperform rating to a sector perform rating and increased their price target for the stock from C$20.00 to C$23.00 in a research report on Friday, September 16th. TD Securities reiterated a hold rating and set a C$20.00 price target on shares of Finning International in a research report on Thursday, August 4th. Finally, CIBC lowered their price target on Finning International from C$20.50 to C$20.00 and set an underperform rating on the stock in a research report on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$21.45.
Finning International (TSE:FTT) opened at 25.39 on Wednesday. The stock has a 50 day moving average price of $24.09 and a 200 day moving average price of $22.23. Finning International has a 52-week low of $16.37 and a 52-week high of $26.31. The company’s market capitalization is $4.27 billion.
In related news, insider Jean Gail Sexsmith sold 2,850 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of C$23.85, for a total value of C$67,972.50.
Finning International Company Profile
Finning International Inc is a Caterpillar Inc (Caterpillar) dealer. The Company sells, rents and provides parts and service for equipment and engines to customers in mining, construction, petroleum and forestry industries. It operates through three segments: Canadian operations, South American operations, and UK & Ireland operations.
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