Scotiabank Increases Finning International Inc. (TSE:FTT) Price Target to C$32.00

Finning International Inc. (TSE:FTT) had its target price upped by Scotiabank from C$30.00 to C$32.00 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 14.78% from the stock’s current price.

Several other research analysts also recently commented on the stock. National Bank Financial raised their price objective on shares of Finning International from C$23.00 to C$31.50 and gave the stock an “outperform” rating in a report on Monday, May 15th. Raymond James Financial, Inc. raised shares of Finning International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$25.50 to C$29.50 in a report on Thursday, May 11th. Canaccord Genuity raised shares of Finning International from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$26.00 to C$30.00 in a report on Tuesday, May 2nd. Royal Bank Of Canada raised their price objective on shares of Finning International from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$30.00 price objective on shares of Finning International in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$30.25.

Shares of Finning International (FTT) opened at 27.88 on Thursday. The company has a market cap of $4.69 billion and a PE ratio of 32.05. Finning International has a one year low of $22.75 and a one year high of $28.27. The stock’s 50 day moving average price is $25.51 and its 200-day moving average price is $25.61.

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About Finning International

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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