Finning International Inc. (FTT) Price Target Raised to C$36.00 at Scotiabank

Finning International Inc. (TSE:FTT) had its target price boosted by Scotiabank from C$35.00 to C$36.00 in a research report sent to investors on Wednesday morning. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on FTT. TD Securities raised shares of Finning International from a hold rating to a buy rating and set a C$29.00 target price on the stock in a research report on Thursday, August 3rd. CIBC upped their price target on shares of Finning International from C$28.00 to C$29.00 in a research note on Thursday, August 10th. Canaccord Genuity upped their price target on shares of Finning International from C$33.00 to C$36.00 in a research note on Wednesday, October 18th. National Bank Financial upped their price target on shares of Finning International from C$33.00 to C$37.50 and gave the stock an outperform rating in a research note on Wednesday. Finally, Raymond James Financial, Inc. upped their price target on shares of Finning International from C$32.00 to C$36.25 and gave the stock an outperform rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Finning International presently has a consensus rating of Buy and a consensus target price of C$34.72.

Shares of Finning International (TSE:FTT) opened at C$31.18 on Wednesday. Finning International has a 1 year low of C$23.76 and a 1 year high of C$32.93.

TRADEMARK VIOLATION NOTICE: “Finning International Inc. (FTT) Price Target Raised to C$36.00 at Scotiabank” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/11/12/finning-international-inc-ftt-price-target-raised-to-c36-00-at-scotiabank.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 23rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Tuesday, November 21st. Finning International’s payout ratio is 76.03%.

In other Finning International news, insider Cristian Chavez sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total transaction of C$83,700.00. Also, insider Kevin Parkes sold 2,074 shares of the company’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.

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.

Analyst Recommendations for Finning International (TSE:FTT)

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

Latest News

Leave a Reply