The Finning International Inc. (FTT) PT Raised to C$24.00

The Finning International Inc. (FTT) PT Raised to C$24.00

Finning International Inc. (TSE:FTT) had its target price lifted by stock analysts at RBC Capital Markets from C$22.00 to C$24.00 in a report released on Monday. RBC Capital Markets’ target price would indicate a potential downside of 3.61% from the stock’s current price.

Several other equities research analysts have also recently commented on FTT. Royal Bank Of Canada boosted their target price on Finning International from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Monday. TD Securities boosted their target price on Finning International from C$20.00 to C$25.00 and gave the stock a “hold” rating in a report on Wednesday, October 12th. Raymond James Financial Inc. upped their price target on Finning International from C$22.50 to C$24.00 and gave the company a “market perform” rating in a report on Monday, September 26th. Scotiabank upped their price target on Finning International from C$23.50 to C$28.50 and gave the company an “outperform” rating in a report on Wednesday, October 12th. Finally, National Bank Financial raised Finning International from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$20.00 to C$23.00 in a report on Friday, September 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$22.00.

Finning International (TSE:FTT) traded down 0.40% during midday trading on Monday, hitting $24.88. The stock had a trading volume of 307,251 shares. Finning International has a one year low of $16.37 and a one year high of $26.31. The stock’s market cap is $4.18 billion. The firm has a 50 day moving average price of $24.19 and a 200 day moving average price of $22.29.

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

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