Finning International Inc. (FTT) Stock Rating Reaffirmed by Scotiabank
Finning International Inc. (TSE:FTT)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a report released on Saturday. They presently have a C$32.00 target price on the stock. Scotiabank’s price target points to a potential upside of 12.28% from the stock’s previous close.
A number of other research analysts also recently issued reports on FTT. CIBC boosted their price objective on shares of Finning International from C$28.00 to C$29.00 in a research report on Thursday, August 10th. TD Securities boosted their price objective on shares of Finning International from C$29.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Finning International has a consensus rating of “Buy” and a consensus price target of C$30.25.
Finning International (FTT) opened at 28.50 on Friday. The company’s 50-day moving average is $27.31 and its 200 day moving average is $25.88. The company has a market capitalization of $4.79 billion and a price-to-earnings ratio of 32.76. Finning International has a 52 week low of $23.54 and a 52 week high of $29.02.
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In related news, insider Cristian Chavez sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total value of C$83,700.00.
Finning International Company Profile
Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.
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