First National Financial (TSE:FN) had its price objective cut by equities research analysts at Royal Bank of Canada from C$32.00 to C$31.00 in a research note issued to investors on Wednesday, May 1st, BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 4.66% from the stock’s previous close.
FN has been the subject of several other reports. TD Securities increased their price target on First National Financial from C$28.00 to C$29.00 in a report on Tuesday, February 5th. BMO Capital Markets reissued a “market perform” rating and issued a C$30.00 target price on shares of First National Financial in a report on Wednesday, February 27th. Finally, National Bank Financial raised their target price on First National Financial from C$27.00 to C$30.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th.
FN stock opened at C$29.62 on Wednesday. The company has a debt-to-equity ratio of 6,865.68, a quick ratio of 10.75 and a current ratio of 10.95. First National Financial has a fifty-two week low of C$25.38 and a fifty-two week high of C$32.51. The company has a market cap of $1.79 billion and a P/E ratio of 11.76.
In other First National Financial news, insider FNSC Holdings Inc. purchased 11,669 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were purchased at an average cost of C$32.15 per share, with a total value of C$375,158.35. Following the purchase, the insider now owns 6,955,784 shares in the company, valued at C$223,628,455.60.
First National Financial Company Profile
First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.
Featured Story: Why do companies issue convertible shares?
Receive News & Ratings for First National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First National Financial and related companies with MarketBeat.com's FREE daily email newsletter.