First National Financial (TSE:FN) Price Target Raised to C$45.00

First National Financial (TSE:FN - Get Free Report) had its target price increased by analysts at Scotiabank from C$44.00 to C$45.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's target price points to a potential upside of 12.64% from the company's current price.

FN has been the subject of a number of other reports. TD Securities reduced their price objective on shares of First National Financial from C$46.00 to C$45.00 and set a "buy" rating for the company in a research report on Thursday. BMO Capital Markets upped their price objective on shares of First National Financial from C$41.00 to C$42.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$43.17.

First National Financial Stock Performance

TSE FN traded down C$0.80 during mid-day trading on Thursday, reaching C$39.95. 33,450 shares of the stock were exchanged, compared to its average volume of 32,273. The business's 50 day moving average is C$40.44 and its 200-day moving average is C$40.34. First National Financial has a 1 year low of C$35.15 and a 1 year high of C$45.10. The company has a market capitalization of C$2.40 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.70 and a beta of 1.04.

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Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. bought 742 shares of First National Financial stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$40.50 per share, for a total transaction of C$30,051.00. Insiders acquired 31,950 shares of company stock worth $1,280,390 over the last three months. Insiders own 71.45% of the company's stock.

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.