First National Financial Corp (FN) Lifted to “Outperform Market Weight” at National Bank Financial
First National Financial Corp (TSE:FN) was upgraded by National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research note issued to investors on Friday.
Several other research firms have also weighed in on FN. Royal Bank Of Canada lowered shares of First National Financial Corp from a “sector perform” rating to an “underperform” rating and lifted their target price for the company from C$28.00 to C$31.00 in a report on Wednesday, July 20th. Scotiabank reaffirmed a “sector perform” rating and set a C$30.00 target price on shares of First National Financial Corp in a report on Wednesday, July 27th. TD Securities lifted their target price on shares of First National Financial Corp from C$30.00 to C$32.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Finally, RBC Capital Markets cut their target price on shares of First National Financial Corp from C$31.00 to C$27.00 and set an “underperform” rating for the company in a report on Thursday, October 6th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$29.60.
Shares of First National Financial Corp (TSE:FN) traded down 0.83% during midday trading on Friday, hitting $25.10. 39,885 shares of the stock traded hands. First National Financial Corp has a 12-month low of $18.35 and a 12-month high of $32.23. The stock has a market cap of $1.51 billion and a price-to-earnings ratio of 10.55. The company’s 50 day moving average price is $29.82 and its 200-day moving average price is $29.23.
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First National Financial Corp Company Profile
First National Financial Corporation is a Canada-based parent company of First National Financial LP (FNFLP), which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages).
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