Finning (FTT) Price Target Raised to C$39.00

Finning (TSE:FTT) had its price target upped by equities research analysts at Scotiabank from C$38.00 to C$39.00 in a report issued on Monday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 16.52% from the stock’s previous close.

FTT has been the topic of a number of other research reports. TD Securities increased their price target on Finning from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Monday. CIBC increased their price target on Finning from C$40.00 to C$41.00 in a research report on Friday. Canaccord Genuity increased their price target on Finning from C$37.00 to C$38.00 in a research report on Friday. National Bank Financial increased their price target on Finning from C$37.50 to C$39.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets set a C$39.00 price target on Finning and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Seven analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of C$34.94.

Finning stock traded up C$0.19 during mid-day trading on Monday, hitting C$33.47. The company’s stock had a trading volume of 123,586 shares, compared to its average volume of 396,128. Finning has a one year low of C$24.29 and a one year high of C$36.48.



In other news, insider Yutronic Pedro Anton Damjanic sold 1,053 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of C$33.20, for a total transaction of C$34,959.60.

About Finning

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.

Analyst Recommendations for Finning (TSE:FTT)

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