Royal Bank Of Canada Raises Finning International Inc. (FTT) Price Target to C$24.00
Finning International Inc. (TSE:FTT) had its target price upped by Royal Bank Of Canada from C$22.00 to C$24.00 in a research report issued on Monday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 4.15% from the company’s previous close.
Several other brokerages have also recently weighed in on FTT. TD Securities raised their price target on shares of 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. Raymond James Financial Inc. raised their price target on shares of 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. Scotiabank raised their price target on shares of 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. National Bank Financial raised shares of Finning International from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from C$20.00 to C$23.00 in a research note on Friday, September 16th. Finally, CIBC decreased their price target on shares of 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 issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$22.00.
Shares of Finning International (TSE:FTT) traded up 0.24% during trading on Monday, reaching $25.04. 533,311 shares of the company were exchanged. The stock’s market capitalization is $4.21 billion. Finning International has a one year low of $16.37 and a one year high of $26.31. The company 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 Finning International news, insider Jean Gail Sexsmith sold 2,850 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$23.85, for a total transaction 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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