Today: Scotiabank Boosts Finning International Inc. (FTT) Price Target to C$28.50

Today: Scotiabank Boosts Finning International Inc. (FTT) Price Target to C$28.50

Finning International Inc. (TSE:FTT) had its target price raised by Scotiabank from C$23.50 to C$28.50 in a research report report published on Wednesday morning. Scotiabank currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. CIBC lowered their target price on 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. TD Securities reaffirmed a hold rating and issued a C$20.00 price objective on shares of Finning International in a research note on Thursday, August 4th. Raymond James Financial Inc. upped their price objective on Finning International from C$22.50 to C$24.00 and gave the company a market perform rating in a research note on Monday, September 26th. Finally, National Bank Financial raised Finning International from an underperform rating to a sector perform rating and upped their price objective for the company from C$20.00 to C$23.00 in a research note on Friday, September 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of C$21.45.

Shares of Finning International (TSE:FTT) opened at 24.98 on Wednesday. The firm’s 50-day moving average is $24.19 and its 200 day moving average is $22.29. The firm’s market capitalization is $4.20 billion. Finning International has a one year low of $16.37 and a one year high of $26.31.

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

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