First National Financial (TSE:FN) Given New C$42.00 Price Target at Scotiabank

First National Financial (TSE:FN) had its target price lowered by research analysts at Scotiabank from C$44.00 to C$42.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 12.60% from the stock’s previous close.

A number of other research analysts have also issued reports on FN. BMO Capital Markets boosted their price objective on First National Financial from C$41.00 to C$42.00 in a research report on Thursday, March 6th. TD Securities cut their price target on First National Financial from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. CIBC reduced their price objective on First National Financial from C$44.00 to C$41.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, National Bankshares lowered their target price on First National Financial from C$43.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Wednesday.

First National Financial Stock Up 0.1 %

Shares of TSE:FN opened at C$37.30 on Thursday. The company has a market cap of C$2.24 billion, a PE ratio of 12.15, a P/E/G ratio of 0.70 and a beta of 1.04. First National Financial has a fifty-two week low of C$35.15 and a fifty-two week high of C$45.10. The firm has a 50-day simple moving average of C$39.13 and a 200 day simple moving average of C$40.50.

Insider Buying and Selling at First National Financial

In related news, insider FNSC Holdings Inc. bought 24,796 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of C$40.34 per share, with a total value of C$1,000,270.64. 71.45% of the stock is owned by corporate insiders.

First National Financial Company Profile

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.