Royal Bank of Canada Cuts Finning International (FTT) Price Target to C$35.00

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Finning International (TSE:FTT) had its price objective cut by Royal Bank of Canada from C$40.00 to C$35.00 in a research note released on Thursday morning.

Several other research analysts also recently issued reports on the company. CIBC cut their price objective on Finning International from C$38.00 to C$35.00 in a research report on Tuesday, January 15th. Raymond James restated an outperform rating and set a C$35.00 price objective on shares of Finning International in a research report on Monday, December 17th. Canaccord Genuity cut their price objective on Finning International from C$38.00 to C$33.00 in a research report on Wednesday, December 12th. Finally, BMO Capital Markets cut their price objective on Finning International from C$40.00 to C$39.00 in a research report on Wednesday, November 7th.

Shares of Finning International stock opened at C$25.32 on Thursday. The company has a debt-to-equity ratio of 72.75, a current ratio of 2.13 and a quick ratio of 0.80. Finning International has a 1 year low of C$22.46 and a 1 year high of C$35.00. The company has a market cap of $4.26 billion and a P/E ratio of 17.34.

In other Finning International news, Director Harold N. Kvisle purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 13th. The stock was bought at an average cost of C$24.05 per share, for a total transaction of C$120,250.00.

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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