Finning International (TSE:FTT) had its price objective boosted by stock analysts at Scotiabank from C$36.00 to C$38.00 in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 12.26% from the stock’s previous close.
Other analysts have also recently issued reports about the company. CIBC boosted their price objective on Finning International from C$29.00 to C$31.00 in a research report on Tuesday, October 24th. Canaccord Genuity boosted their price objective on Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. TD Securities boosted their price objective on Finning International from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a C$37.00 price objective on Finning International and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, Raymond James Financial boosted their price objective on Finning International from C$32.00 to C$36.25 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Finning International presently has a consensus rating of “Buy” and a consensus target price of C$35.84.
Shares of Finning International (TSE FTT) traded down C$0.33 during midday trading on Thursday, reaching C$33.85. The company’s stock had a trading volume of 192,711 shares, compared to its average volume of 306,660. The company has a market cap of $5,690.00, a P/E ratio of 34.90 and a beta of 1.02. Finning International has a 52 week low of C$23.76 and a 52 week high of C$36.48.
In related news, insider Kevin Parkes sold 2,074 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total value of C$65,579.88. In the last ninety days, insiders sold 3,450 shares of company stock worth $109,004.
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About Finning International
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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