First National Financial Corp (FN) Upgraded by National Bank Financial to “Outperform Market Weight”
First National Financial Corp (TSE:FN) was upgraded by research analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a note issued to investors on Friday.
A number of other brokerages have also recently weighed in on FN. RBC Capital Markets cut their price target 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. Royal Bank Of Canada cut shares of First National Financial Corp from a “sector perform” rating to an “underperform” rating and increased their price objective for the company from C$28.00 to C$31.00 in a research note on Wednesday, July 20th. TD Securities increased their price objective on shares of First National Financial Corp from C$30.00 to C$32.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Finally, Scotiabank reissued a “sector perform” rating and issued a C$30.00 price objective on shares of First National Financial Corp in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has an average 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 mid-day trading on Friday, hitting $25.10. 41,415 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 firm’s 50 day moving average price is $29.82 and its 200 day moving average price is $29.23. The firm has a market cap of $1.51 billion and a price-to-earnings ratio of 10.55.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/first-national-financial-corp-fn-upgraded-by-national-bank-financial-to-outperform-market-weight.html
About First National Financial Corp
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).
Receive News & Ratings for First National Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First National Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.