First National Financial (TSE:FN) Price Target Raised to C$34.00

First National Financial (TSE:FN) had its target price hoisted by equities research analysts at BMO Capital Markets from C$30.00 to C$34.00 in a research report issued to clients and investors on Thursday, August 1st, Stock Target Advisor reports. BMO Capital Markets’ target price would indicate a potential downside of 5.95% from the company’s previous close.

Several other equities analysts also recently commented on the stock. National Bank Financial upped their price objective on shares of First National Financial from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of First National Financial from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st.

Shares of First National Financial stock traded up C$0.71 during mid-day trading on Thursday, hitting C$36.15. 52,400 shares of the stock were exchanged, compared to its average volume of 18,825. First National Financial has a 12 month low of C$25.38 and a 12 month high of C$36.74. The company has a 50-day simple moving average of C$32.83 and a 200 day simple moving average of C$31.04. The company has a debt-to-equity ratio of 6,869.03, a quick ratio of 9.61 and a current ratio of 9.84. The company has a market capitalization of $2.17 billion and a P/E ratio of 14.57.

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.

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