Finning International Inc. (FTT) Price Target Raised to C$24.00 at Royal Bank Of Canada
Finning International Inc. (TSE:FTT) had its target price upped by equities research analysts at Royal Bank Of Canada from C$22.00 to C$24.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 3.61% from the stock’s current price.
Several other research analysts have also issued reports on the company. TD Securities increased their price objective on Finning International from C$20.00 to C$25.00 and gave the stock a “hold” rating in a research note on Wednesday, October 12th. Scotiabank increased their price objective on Finning International from C$23.50 to C$28.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 12th. Raymond James Financial Inc. increased their price objective on Finning International from C$22.50 to C$24.00 and gave the stock a “market perform” rating in a research note on Monday, September 26th. National Bank Financial upgraded Finning International from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from C$20.00 to C$23.00 in a research note on Friday, September 16th. Finally, CIBC dropped their price objective on Finning International from C$20.50 to C$20.00 and set an “underperform” rating for the company 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 given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$21.82.
Finning International (TSE:FTT) traded down 0.40% during mid-day trading on Monday, reaching $24.88. The company’s stock had a trading volume of 163,647 shares. Finning International has a 12 month low of $16.37 and a 12 month high of $26.31. The company’s market cap is $4.18 billion. The stock’s 50 day moving average is $24.19 and its 200 day moving average is $22.29.
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In related news, insider Jean Gail Sexsmith sold 2,850 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was 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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