Finning International (FTT) Sets New 12-Month High at $32.98

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.

In other Finning International news, insider Kevin Parkes sold 2,074 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$31.62, for a total transaction of C$65,579.88. Insiders have sold a total of 3,450 shares of company stock valued at $109,004 over the last 90 days.

ILLEGAL ACTIVITY NOTICE: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.com-unik.info/2018/01/12/finning-international-ftt-sets-new-12-month-high-at-32-98.html.

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.

Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit