Trading Report: The Finning International Inc. (FTT) PT Raised to C$25.00

The Finning International Inc. (FTT) PT Raised to C$25.00

Finning International Inc. (TSE:FTT) had its price objective boosted by analysts at TD Securities from C$20.00 to C$25.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential downside of 0.48% from the company’s previous close.

A number of other analysts also recently commented on the company. Scotiabank increased their price target on Finning International from C$23.50 to C$28.50 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James Financial Inc. increased their price target on Finning International from C$22.50 to C$24.00 and gave the company a “market perform” rating in a research report on Monday, September 26th. National Bank Financial raised Finning International from an “underperform” rating to a “sector perform” rating and increased their price target for the company from C$20.00 to C$23.00 in a research report on Friday, September 16th. Finally, CIBC decreased their price target on Finning International from C$20.50 to C$20.00 and set an “underperform” rating for the company in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Finning International currently has a consensus rating of “Hold” and an average price target of C$21.45.

Shares of Finning International (TSE:FTT) opened at 25.12 on Wednesday. The stock’s 50 day moving average price is $24.14 and its 200-day moving average price is $22.25. Finning International has a 52-week low of $16.37 and a 52-week high of $26.31. The company’s market capitalization is $4.22 billion.

In other news, insider Jean Gail Sexsmith sold 2,850 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$23.85, for a total value of C$67,972.50.

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