First National Financial (TSE:FN) Price Target Raised to C$45.00 at Scotiabank

First National Financial (TSE:FN) had its target price hoisted by Scotiabank from C$44.00 to C$45.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

FN has been the subject of a number of other research reports. TD Securities cut their price target on 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. BMO Capital Markets lifted their target price on First National Financial from C$41.00 to C$42.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$43.17.

First National Financial Price Performance

Shares of TSE FN opened at C$40.59 on Thursday. The company has a 50-day moving average price of C$40.43 and a 200-day moving average price of C$40.29. The stock has a market capitalization of C$2.44 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.70 and a beta of 1.04. First National Financial has a 1 year low of C$35.15 and a 1 year high of C$45.10.

Insiders Place Their Bets

In other news, insider FNSC Holdings Inc. acquired 742 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of C$40.50 per share, with a total value of C$30,051.00. Over the last 90 days, insiders have purchased 31,950 shares of company stock valued at $1,280,390. Company 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.