Finning International Inc. (TSE:FTT)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$32.98 and last traded at C$32.60, with a volume of 343095 shares traded. The stock had previously closed at C$32.51.
A number of equities analysts have commented on the stock. BMO Capital Markets set a C$37.00 price objective on shares of Finning International and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Scotiabank restated an “outperform” rating and set a C$32.00 price objective on shares of Finning International in a research report on Saturday, September 23rd. TD Securities upped their price objective on shares of Finning International from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. National Bank Financial increased their price target on shares of Finning International from C$33.00 to C$37.50 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, Raymond James Financial increased their price target on shares of Finning International from C$32.00 to C$36.25 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$34.72.
The company has a market cap of $5,550.00, a price-to-earnings ratio of 34.03 and a beta of 1.02.
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About Finning International
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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