Finning International Inc. (TSE:FTT) had its target price increased by Scotiabank from C$32.00 to C$35.00 in a research note issued to investors on Wednesday morning. The brokerage currently has an outperform rating on the stock.
FTT has been the subject of a number of other reports. TD Securities raised their price target on shares of Finning International from C$29.00 to C$32.00 and gave the stock a buy rating in a report on Thursday, August 10th. Canaccord Genuity raised their price target on shares of Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. Finally, CIBC raised their price target on shares of Finning International from C$29.00 to C$31.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of C$32.00.
Finning International (TSE:FTT) opened at 31.31 on Wednesday. The firm has a market capitalization of $5.26 billion and a price-to-earnings ratio of 35.99. The company has a 50-day moving average of $28.88 and a 200-day moving average of $26.71. Finning International has a 52 week low of $23.54 and a 52 week high of $31.77.
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In other news, insider Cristian Chavez sold 3,000 shares of Finning International stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total transaction of C$83,700.00. Also, insider David William Cummings acquired 9,500 shares of Finning International stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of C$28.50 per share, with a total value of C$270,750.00.
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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