Scotiabank Boosts Finning International Inc. (FTT) Price Target to C$28.50
Finning International Inc. (TSE:FTT) had its price target hoisted by equities researchers at Scotiabank from C$23.50 to C$28.50 in a research note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 11.90% from the stock’s previous close.
Other research analysts also recently issued reports about the company. CIBC cut their price target on Finning International from C$20.50 to C$20.00 and set an “underperform” rating for the company in a report on Wednesday, June 29th. TD Securities reiterated a “hold” rating and issued a C$20.00 price target on shares of Finning International in a report on Thursday, August 4th. Raymond James Financial Inc. boosted 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. Finally, National Bank Financial upgraded Finning International from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from C$20.00 to C$23.00 in a report on Friday, September 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$21.45.
Finning International (TSE:FTT) traded down 0.16% during mid-day trading on Wednesday, reaching $25.43. The company’s stock had a trading volume of 782,097 shares. The stock’s 50 day moving average price is $24.03 and its 200 day moving average price is $22.21. The stock’s market capitalization is $4.27 billion. Finning International has a 1-year low of $16.37 and a 1-year high of $26.31.
In related news, insider Jean Gail Sexsmith sold 2,850 shares of the company’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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