Finning International (FTT) Price Target Raised to C$39.00 at TD Securities
Finning International (TSE:FTT) had its price target boosted by stock analysts at TD Securities from C$36.00 to C$39.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 16.59% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. CIBC raised their price objective on shares of Finning International from C$29.00 to C$31.00 in a research note on Tuesday, October 24th. Canaccord Genuity raised their price objective on shares of Finning International from C$33.00 to C$36.00 in a research note on Wednesday, October 18th. Royal Bank of Canada set a C$40.00 price objective on shares of Finning International and gave the company an “outperform” rating in a research note on Monday. Scotiabank raised their price objective on shares of Finning International from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, BMO Capital Markets set a C$37.00 price objective on shares of Finning International and gave the company an “outperform” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$38.41.
Shares of Finning International (TSE:FTT) opened at C$33.45 on Wednesday. Finning International has a 52 week low of C$23.76 and a 52 week high of C$36.48. The company has a market cap of $5,750.00, a PE ratio of 25.53 and a beta of 1.04.
In other Finning International news, insider Juan Carlos Villegas sold 70,632 shares of Finning International stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of C$34.34, for a total transaction of C$2,425,502.88. In the last 90 days, insiders have sold 72,008 shares of company stock valued at $2,468,927.
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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