Finning International Inc. (TSE:FTT) has been given a C$37.00 target price by research analysts at BMO Capital Markets in a report released on Wednesday, November 8th. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 20.01% from the company’s current price.
FTT has been the subject of a number of other research reports. Canaccord Genuity upped their price target on Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. CIBC increased their target price on Finning International from C$29.00 to C$31.00 in a research report on Tuesday, October 24th. Scotiabank increased their target price on Finning International from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. TD Securities increased their target price on Finning International from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Raymond James Financial, Inc. increased their target price on Finning International from C$32.00 to C$36.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$34.72.
Finning International (TSE FTT) opened at C$30.83 on Wednesday. Finning International has a 52-week low of C$23.76 and a 52-week high of C$32.93.
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In related news, insider Kevin Parkes sold 2,074 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total value of C$65,579.88. Also, insider David William Cummings bought 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average cost of C$28.50 per share, for a total transaction of C$270,750.00.
Finning International Company Profile
Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.
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