Finning International Inc. (FTT) Insider Purchases C$107,200.00 in Stock

Finning International Inc. (TSE:FTT) insider Gregory Palaschuk acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average cost of C$26.80 per share, with a total value of C$107,200.00.

Finning International Inc. (TSE:FTT) traded down 0.74% during mid-day trading on Friday, hitting $25.55. 748,055 shares of the stock traded hands. Finning International Inc. has a 12 month low of $20.53 and a 12 month high of $28.02. The company’s 50 day moving average is $26.24 and its 200 day moving average is $25.88. The company has a market cap of $4.29 billion and a P/E ratio of 44.82.

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FTT has been the subject of several analyst reports. 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. TD Securities raised their price objective on shares of Finning International from C$27.00 to C$29.00 and gave the stock a “hold” rating in a report on Thursday, May 11th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a C$25.50 price objective on shares of Finning International in a report on Thursday, March 30th. 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. Finally, Scotiabank raised their price objective on shares of Finning International from C$28.50 to C$30.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$29.38.

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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