Finning International Inc. (FTT) PT Raised to C$24.00
Finning International Inc. (TSE:FTT) had its target price lifted by stock analysts at RBC Capital Markets from C$22.00 to C$24.00 in a report released on Monday. RBC Capital Markets’ target price would indicate a potential downside of 3.61% from the stock’s current price.
Several other equities research analysts have also recently commented on FTT. Royal Bank Of Canada boosted their target price on Finning International from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Monday. TD Securities boosted their target price on Finning International from C$20.00 to C$25.00 and gave the stock a “hold” rating in a report on Wednesday, October 12th. Raymond James Financial Inc. upped their price target on Finning International from C$22.50 to C$24.00 and gave the company a “market perform” rating in a report on Monday, September 26th. Scotiabank upped their price target on Finning International from C$23.50 to C$28.50 and gave the company an “outperform” rating in a report on Wednesday, October 12th. Finally, National Bank Financial raised Finning International from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$20.00 to C$23.00 in a report on Friday, September 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$22.00.
Finning International (TSE:FTT) traded down 0.40% during midday trading on Monday, hitting $24.88. The stock had a trading volume of 307,251 shares. Finning International has a one year low of $16.37 and a one year high of $26.31. The stock’s market cap is $4.18 billion. The firm has a 50 day moving average price of $24.19 and a 200 day moving average price of $22.29.
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In other 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 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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