TD Securities Issues Pessimistic Forecast for First National Financial (TSE:FN) Stock Price

First National Financial (TSE:FN) had its price objective lowered by equities research analysts at TD Securities from C$45.00 to C$41.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 9.92% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. National Bankshares dropped their price objective on shares of First National Financial from C$43.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Wednesday. BMO Capital Markets raised their price objective on First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Scotiabank decreased their target price on First National Financial from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, CIBC cut their price target on shares of First National Financial from C$44.00 to C$41.00 and set a “neutral” rating on the stock in a report on Thursday.

First National Financial Stock Up 0.1 %

Shares of First National Financial stock opened at C$37.30 on Thursday. The company has a 50 day moving average price of C$39.13 and a 200 day moving average price of C$40.50. The firm has a market capitalization of C$2.24 billion, a P/E ratio of 12.15, a PEG ratio of 0.70 and a beta of 1.04. First National Financial has a 52 week low of C$35.15 and a 52 week high of C$45.10.

Insider Buying and Selling

In related news, insider FNSC Holdings Inc. purchased 24,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of C$40.34 per share, with a total value of C$1,000,270.64. 71.45% of the stock is currently owned by 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.