A number of other brokerages have also recently commented on FTT. CIBC dropped their price objective on shares of Finning International from C$20.50 to C$20.00 and set an underperform rating for the company in a research note on Wednesday, June 29th. Royal Bank Of Canada lifted their price objective on shares of Finning International from C$22.00 to C$24.00 and gave the stock a sector perform rating in a research note on Monday. Scotiabank lifted their price objective on shares of Finning International from C$23.50 to C$28.50 and gave the stock an outperform rating in a research note on Wednesday, October 12th. Raymond James Financial Inc. lifted their price objective on shares of Finning International from C$22.50 to C$24.00 and gave the stock a market perform rating in a research note on Monday, September 26th. Finally, National Bank Financial raised shares of Finning International from an underperform rating to a sector perform rating and lifted their price objective for the stock from C$20.00 to C$23.00 in a research note on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Finning International has an average rating of Hold and a consensus price target of C$22.00.
Finning International (TSE:FTT) opened at 25.04 on Monday. The company’s market capitalization is $4.21 billion. Finning International has a 1-year low of $16.37 and a 1-year high of $26.31. The company has a 50-day moving average of $24.24 and a 200-day moving average of $22.38.
In related news, insider Jean Gail Sexsmith sold 2,850 shares of Finning International stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$23.85, for a total transaction of C$67,972.50.
About Finning International
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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