First National Financial (TSE:FN) Given New C$45.00 Price Target at Scotiabank

First National Financial (TSE:FN) had its price target hoisted by equities researchers at Scotiabank from C$44.00 to C$45.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 10.43% from the stock’s previous close.

A number of other research analysts have also recently commented on FN. BMO Capital Markets increased their target price on shares of First National Financial from C$41.00 to C$42.00 in a report on Thursday. TD Securities dropped 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 note on Thursday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, First National Financial presently has an average rating of “Hold” and an average price target of C$43.17.

First National Financial Price Performance

TSE FN opened at C$40.75 on Thursday. First National Financial has a fifty-two week low of C$35.15 and a fifty-two week high of C$45.10. The business has a fifty day moving average price of C$40.43 and a two-hundred day moving average price of C$40.31. The stock has a market capitalization of C$2.45 billion, a PE ratio of 13.27, a PEG ratio of 0.70 and a beta of 1.04.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. bought 24,796 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of C$40.34 per share, with a total value of C$1,000,270.64. Over the last 90 days, insiders acquired 31,950 shares of company stock valued at $1,280,390. Insiders own 71.45% of the company’s stock.

About First National Financial

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.