Finning International Inc. (FTT) Hits New 52-Week High at $31.89

Finning International Inc. (TSE:FTT) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$31.89 and last traded at C$31.45, with a volume of 427,531 shares. The stock had previously closed at C$31.46.

Several research analysts have commented on FTT shares. TD Securities raised Finning International from a “hold” rating to a “buy” rating and set a C$29.00 target price for the company in a research note on Thursday, August 3rd. CIBC boosted their target price on Finning International from C$28.00 to C$29.00 in a research note on Thursday, August 10th. Scotiabank boosted their target price on Finning International from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity boosted their target price on Finning International from C$33.00 to C$36.00 in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$32.00.

The firm has a 50 day moving average of $29.29 and a 200-day moving average of $26.91. The stock has a market cap of $5.28 billion and a P/E ratio of 36.08.

In other Finning International news, insider David William Cummings bought 9,500 shares of Finning International stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of C$28.50 per share, for a total transaction of C$270,750.00. Also, insider Cristian Chavez sold 3,000 shares of Finning International stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total transaction of C$83,700.00.

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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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