Finning International Inc. (FTT) PT Raised to C$24.00
Finning International Inc. (TSE:FTT) had its price objective boosted by Royal Bank Of Canada from C$22.00 to C$24.00 in a report released on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 6.18% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. TD Securities raised their target price on shares of Finning International from C$20.00 to C$25.00 and gave the company a “hold” rating in a research note on Wednesday, October 12th. Scotiabank raised their target price on shares of Finning International from C$23.50 to C$28.50 and gave the company an “outperform” rating in a research note on Wednesday, October 12th. Raymond James Financial Inc. raised their target price on shares of Finning International from C$22.50 to C$24.00 and gave the company a “market perform” rating in a research note on Monday, September 26th. National Bank Financial raised shares of Finning International from an “underperform” rating to a “sector perform” rating and raised their target price for the company from C$20.00 to C$23.00 in a research note on Friday, September 16th. Finally, CIBC reduced their target price on shares of Finning International from C$20.50 to C$20.00 and set an “underperform” rating on the stock in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Finning International presently has an average rating of “Hold” and an average price target of C$22.00.
Shares of Finning International (TSE:FTT) opened at 25.58 on Monday. The company’s market capitalization is $4.30 billion. The firm has a 50-day moving average of $24.29 and a 200 day moving average of $22.43. Finning International has a 52-week low of $16.37 and a 52-week high of $26.31.
In other Finning International news, insider Jean Gail Sexsmith sold 2,850 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of C$23.85, for a total transaction 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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