Finning International Inc. (FTT) Price Target Increased to C$29.00 by Analysts at CIBC
Finning International Inc. (TSE:FTT) had its target price upped by research analysts at CIBC from C$28.00 to C$29.00 in a research note issued on Thursday. CIBC’s price objective suggests a potential upside of 2.98% from the company’s current price.
Other equities analysts also recently issued reports about the stock. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and set a C$29.00 price target for the company in a report on Thursday, August 3rd. Canaccord Genuity raised shares of Finning International from a “hold” rating to a “buy” rating and lifted their price target for the company from C$26.00 to C$30.00 in a report on Tuesday, May 2nd. BMO Capital Markets reissued an “outperform” rating and set a C$30.00 price target on shares of Finning International in a report on Thursday, May 25th. National Bank Financial lifted their price target on shares of Finning International from C$23.00 to C$31.50 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Scotiabank lifted their price target on shares of Finning International from C$28.50 to C$30.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$30.25.
Shares of Finning International (FTT) traded down 1.21% during midday trading on Thursday, hitting $27.82. 414,795 shares of the company’s stock traded hands. The company has a 50 day moving average price of $25.36 and a 200 day moving average price of $25.58. Finning International has a 1-year low of $22.65 and a 1-year high of $28.27. The firm has a market capitalization of $4.68 billion and a price-to-earnings ratio of 48.81.
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In related news, insider Gregory Palaschuk bought 4,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was bought at an average cost of C$26.80 per share, with a total value of C$107,200.00.
Finning International Company Profile
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, petroleum, and forestry, as well as various power system applications.
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