Scotiabank Boosts Finning International Inc. (FTT) Price Target to C$28.50
Finning International Inc. (TSE:FTT) had its price target raised by equities research analysts at Scotiabank from C$23.50 to C$28.50 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 11.90% from the company’s previous close.
A number of other research analysts also recently issued reports on FTT. Raymond James Financial Inc. lifted their price objective on shares of Finning International from C$22.50 to C$24.00 and gave the stock a “market perform” rating in a research report on Monday, September 26th. TD Securities reaffirmed a “hold” rating and issued a C$20.00 price objective on shares of Finning International in a research report on Thursday, August 4th. National Bank Financial raised shares of Finning International from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from C$20.00 to C$23.00 in a research report on Friday, September 16th. Finally, CIBC dropped 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 report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Finning International currently has an average rating of “Hold” and a consensus price target of C$21.45.
Finning International (TSE:FTT) traded down 0.39% on Wednesday, reaching $25.37. 871,651 shares of the company’s stock traded hands. The stock’s market cap is $4.26 billion. The stock has a 50 day moving average price of $24.03 and a 200 day moving average price of $22.21. Finning International has a 12-month low of $16.37 and a 12-month high of $26.31.
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In related news, insider Jean Gail Sexsmith sold 2,850 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of C$23.85, for a total value of C$67,972.50.
About Finning International
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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