Finning International Inc. (FTT) Hits New 1-Year High at $32.93
Shares of Finning International Inc. (TSE:FTT) reached a new 52-week high on Tuesday . The company traded as high as C$32.93 and last traded at C$32.24, with a volume of 470548 shares. The stock had previously closed at C$32.62.
A number of analysts have weighed in on the company. Scotiabank upped their target price on Finning International from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. TD Securities upped their target price on 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 upped their target price on Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. Finally, CIBC upped their target price on Finning International from C$29.00 to C$31.00 in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Finning International currently has an average rating of “Buy” and a consensus target price of C$32.00.
In other news, insider Cristian Chavez sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was 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 the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average price of C$28.50 per share, for a total transaction of C$270,750.00.
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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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