National Bank Financial Boosts First National Financial (TSE:FN) Price Target to C$32.00

First National Financial (TSE:FN) had its price target increased by investment analysts at National Bank Financial from C$31.00 to C$32.00 in a report released on Wednesday, July 31st, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 11.48% from the stock’s current price.

Separately, Royal Bank of Canada upped their price objective on shares of First National Financial from C$32.00 to C$34.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st.

TSE:FN traded up C$0.71 during midday trading on Wednesday, hitting C$36.15. The company had a trading volume of 52,400 shares, compared to its average volume of 18,825. First National Financial has a 52-week low of C$25.38 and a 52-week high of C$36.74. The stock’s fifty day moving average price is C$32.83 and its 200-day moving average price is C$31.04. The company has a market capitalization of $2.17 billion and a PE ratio of 14.57. The company has a quick ratio of 9.61, a current ratio of 9.84 and a debt-to-equity ratio of 6,869.03.

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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